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.

Link To Tax Records
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

Location Map

GRANDVIEW APARTMENTS – 260 UNITS IN GREENSBORO, NC
Address: 3128 Utah Pl, Greensboro, NC 27405, USA Price: $ 16,380,000 Unit: