THE VUE – 140 UNITS IN GREENSBORO, NC
Built in 1968, The Vue features 140, two-bedroom, one-bath, town home-style apartments. The property is currently 70% occupied and represents a heavy value-add opportunity.
Located just minutes north of Downtown Greensboro, the property is within two miles of numerous retail, dining, entertainment, and employment centers. Greensboro is located in Guilford County, which grew in population by 12.5% from 2010 to 2020. With employment and population growth expected to continue, market rents are projected to increase further. A few recent economic announcements supporting employment growth in Greensboro include the following: $1.3 billion development project for a new Toyota battery plant , Boom Supersonic Airlines choice of the Piedmont International Airport in Greensboro, NC for the site of its first plane manufacturing plant (expected to contribute $32 billion to the NC economy over the next 20 years), and the electric vehicle manufacturer, VinFast’s decision to locate its first North American automotive assembly and battery manufacturing plant just 30 minutes from Greensboro, NC (expected to create approximately 7,500 additional jobs).
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 121 UNITS | 2 BD/1 BA | 837 SF - 916 SF | $825 (CURRENT ASKING RENT) |
| 19 UNITS | 2 BD/1.5 BA | 916 SF | $850 (CURRENT ASKING RENT) |
| 140 UNITS (TOTAL) | 123,737 (TOTAL) |
PROPERTY INFORMATION
| PIN | 7876-73-1316, 7876-63-7563 |
| Tax Value | $10,312,428 |
| Taxes | TBD PER 2022 REVALUATION |
| Lot Size | 8.8 ACRES |
| Year Built | 1968, 1970 |
| Exterior | BRICK & SIDING |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | WINDOW A/C, BASEBOARD HEAT |
| Utilities | INDIVIDUALLY METERED |
| Legal Description | TIMBER HOLLOW APTS LO2 PL35-41, 3.59AC MCKNIGHT MANOR APARTMENTS TR1 PL35-41 |
| Appliances | RANGE, REFRIGERATOR, MICROWAVE, W/D CONNECTION |
| Zoning | RM-18 |
Agent Information Michael Deaton
Location Map
THE VUE – 140 UNITS IN GREENSBORO, NC
