GRANDVIEW APARTMENTS – 260 UNITS IN GREENSBORO, NC
PRICE:
$
16,380,000
STATUS:
Sold
ADDRESS:
3128 Utah Pl, Greensboro, NC 27405, USA
OVERVIEW:
SOLD 2/3/2022 FOR $16,380,000
$63,000 per unit
Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction. Built in 1972, Grandview apartments feature 260 units comprised of one-, two-, and three-bedroom floorplans located in north Greensboro. At the time of sale, the property was approximately 76% occupied with existing rents below market rates. This provides a great opportunity to add value with operational and physical improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 75 UNITS | 1BD/1BA | 785 SF | $587 |
| 129 UNITS | 2BD/1.5BA | 1,125 SF | $688 |
| 56 UNITS | 3BD/2BA | 1,424 SF | $840 |
PROPERTY INFORMATION
| PIN | 7876-82-1287 |
| Tax Value | $5,458,800 |
| Taxes | $76,041.08 |
| Lot Size | 18.28 ACERS |
| Year Built | 1972 |
| Exterior | VINYL, BRICK |
| Floors | CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL AIR; ELECTRIC FORCED AIR HEAT |
| Utilities | TENANT PAYS UTILITIES |
| Legal Description | 18.28AC CAROLINA CIRCLE APARTMENTS |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECTION |
| Sold Date | 2022-02-03 |
| Zoning | RM-18 |
Agent Information Michael Deaton
Location Map
GRANDVIEW APARTMENTS – 260 UNITS IN GREENSBORO, NC
Address:
3128 Utah Pl, Greensboro, NC 27405, USA
Price: $
16,380,000
Unit:
260