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

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.