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

UnitTypeSizeRent
142 UNITS 2BD/1.5BA1,050 SF$859 (AVG.)
62 UNITS3BD/2BA1,250 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 Owner Financing NONE
Utilities TENANTS PAY UTILITIES Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Legal Description 14.12AC PB48-55 HILTON W APTS PL48-55 Zoning RM-18
Sold Date 03/30/2023
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Agent Information

Michael Deaton

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