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.
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 |
Agent Information Michael Deaton
Location Map
PINECROFT PLACE – 224 UNITS IN GREENSBORO
Address:
1606 Pinecroft Rd, Greensboro, NC 27407, USA
Price: $
20,600,000
Unit:
224