PINECROFT PLACE – 224 UNITS IN GREENSBORO

PRICE:
$ 20,600,000
STATUS:
Sold
ADDRESS:
1606 Pinecroft Rd, Greensboro, NC 27407, USA
OVERVIEW:

SOLD 11/17/21 FOR $20,600,000
$91,964 per unit

Deaton Investment Real Estate represented the buyer and APG Advisors represented the seller in this off-market transaction. Pinecroft Place is located about five miles southwest of Downtown Greensboro and within immediate proximity to Interstate 40. Built in 1974, the property benefited from extensive renovations in 2016 and 2021 and offers the buyer stabilized performance with rent upside.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
98 UNITS 1BD/1BA 530-820 SF $840-$895
125 UNITS 2BD/1BA 820-980 SF $935-$1,100
1 UNIT 3BD/1.5BA 1,000 SF $1,150
PROPERTY INFORMATION
PIN 7853-07-0038
Tax Value $8,382,832
Taxes $116,772.85
Lot Size 21.94 ACERS
Year Built 1974
Exterior VINYL
Floors LVP
Foundation SLAB
HVAC CENTRAL HEATING & AIR
Utilities TENANT PAYS ELECTRIC
Legal Description 21.94AC 1 PB 64-134 PL64-134
Appliances RANGE, REFRIGERATOR, MICROWAVE, DISHWASHER, WASHER & DRYER CONNECTION
Sold Date 2021-11-17
Zoning RM-12

Location Map

PINECROFT PLACE – 224 UNITS IN GREENSBORO
Address: 1606 Pinecroft Rd, Greensboro, NC 27407, USA Price: $ 20,600,000 Unit: