LIVE GATE CITY – 100 UNITS IN GREENSBORO, N.C.

PRICE:
STATUS:
Off Market
ADDRESS:
3203 Orange St, Greensboro, NC 27405, USA
OVERVIEW:

Built in 1987, LIVE Gate City is a 100-unit community located in Northeast Greensboro, N.C. The property features 96, identical one-bedroom units and four, two-bedroom units. Approximately 85 of the units have been renovated in the last two years. This asset is well-maintained and offers investors the opportunity to acquire a property with significant income upside through organic growth and strategic value-add improvements.

Located just minutes north of Downtown Greensboro, the property is within two miles of numerous retail, dining, entertainment, and employment centers. Over the last year, rents have increased more than 16.1% in Greensboro. Additionally, Greensboro is located in Guilford County, which grew in population by 10.8% from 2010 to 2020. With employment and population growth expected to continue, market rents are projected to increase further.

 

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
96 UNITS 1 BD/1 BA 630 SF $750 (CURRENT ASKING RENT)
4 UNITS 2 BD/1 BA 830 SF $850 (CURRENT ASKING RENT)
100 UNITS (TOTAL) 63,800 SF
PROPERTY INFORMATION
PIN 7876-41-6382
Tax Value $6,040,822
Taxes TBD PER 2022 REVALUATION
Lot Size 6.04 ACRES
Year Built 1987
Exterior BRICK, WOOD
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC WINDOW A/C, BASEBOARD HEAT
Utilities OWNER PAYS WATER
Legal Description 6.04AC PB86-101 APARTMENT SUMMIT STATIO PL86-101
Appliances RANGE, REFRIGERATOR, LAUNDRY ON-SITE
Zoning RM-18

Location Map

LIVE GATE CITY – 100 UNITS IN GREENSBORO, N.C.
Address: 3203 Orange St, Greensboro, NC 27405, USA Unit: