PARK PLACE – 204 UNITS IN GREENSBORO, NC

PRICE:
$ 22,350,000
STATUS:
Sold
ADDRESS:
2 Hiltin Pl, Greensboro, NC 27409, USA
OVERVIEW:

SOLD 3/30/2023 FOR $22,350,000
$109,559 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Located in Greensboro, NC, Park Place Apartments is a 204-unit apartment community situated on a 14.12 acre site. Built in 1973, the property features spacious two- and three-bedroom floorplans. Amenities include a leasing office, pool, fitness center, dog park, picnic area, tennis court and a playground. Conveniently located to multiple employers, retail centers, and entertainment, the property is well positioned for upside through strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
142 UNITS 2BD/1.5BA 1,050 SF $859 (AVG.)
62 UNITS 3BD/2BA 1,250 SF $1,002 (AVG.)
PROPERTY INFORMATION
PIN 7834-76-7252
Tax Value $12,605,892
Taxes $171,818
Lot Size 14.12 ACRES
Year Built 1973
Exterior VINYL
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL HEAT & AIR
Utilities TENANTS PAY UTILITIES
Legal Description 14.12AC PB48-55 HILTON W APTS PL48-55
Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Sold Date 2023-03-30
Zoning RM-18

Location Map

PARK PLACE – 204 UNITS IN GREENSBORO, NC
Address: 2 Hiltin Pl, Greensboro, NC 27409, USA Price: $ 22,350,000 Unit: 204