LAKES EDGE – 159 UNITS IN GREENSBORO

Price:

$10,435,000

Status:

Sold

Address:

5612 W Market St, Greensboro, NC 27409, USA

Overview:

SOLD 7/31/19 FOR $10,435,000
($65,629 per unit)

Located between Downtown Greensboro and the Piedmont Triad International Airport, Lakes Edge Apartments offer a convenient W. Market Street location with an attractive mix of one- and two-bedroom units. Built in 1974, the property has been well-maintained and offers the buyer the opportunity to realize income upside through strategic renovations. Amenities include two beautiful lakes, a pool and tennis courts.

Deaton Investment Real Estate was the seller’s agent and the sole broker in this transaction.

Unit Information

UnitTypeSizeRent
951 BD/1 BA700 SF$660 MARKET
642 BD/1 BA1,000 SF$780 MARKET

Property Information

PIN 7834685397-000 Tax Value $4,647,800
Taxes $64,743.86 Lot Size 10.55 ACRES
Year Built 1974 Exterior VINYL
Floors CARPET, VINYL, TILE, LVT Foundation SLAB
HVAC CENTRAL AIR Owner Financing NONE
Utilities OWNER PAYS WATER Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS
Legal Description LAKES EDGE APTS/W MARKET ST BM49-51 Zoning RM-18
Sold Date 07/31/2019