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.
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 |
Agent Information Michael Deaton
Location Map
PARK PLACE – 204 UNITS IN GREENSBORO, NC
Address:
2 Hiltin Pl, Greensboro, NC 27409, USA
Price: $
22,350,000
Unit:
204