2001-2009 Sherwood St - Apartments FOR SALE


Greensboro, NC 27403
$1,100,000 USD
336-291-8086
2001-2009 Sherwood St, Greensboro, NC for Sale
$1,100,000 USD
Apartments - FOR SALE
1/32
null | 6.98% Cap Rate

2001-2009 Sherwood St
Greensboro, NC 27403


HIGHLIGHTS

  • Great Location

OVERVIEW

Under Contract, accepting back up offers! Being offered is a 5 townhome portfolio. 2001-2009 Sherwood St. 3 bedroom and 3 full baths per unit. All units have been updated. Cap rate is based at current rental amount of $1575 x 4 units and no management, the fifth unit just became vacant and it is listed for $1750 per month. Rents are under market value by $200-250 per unit. Cap rate at market rents would be 6.81% with no management and 6.13% with management at 8%. Can rent by the room or the whole unit at this location. Recent appraisal of $1,400,000 within last 30 days. Near area colleges and close to downtown and Friendly center. Great location and layout.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

6.98%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

RM-18 - APARTMENTS

APN/PARCEL ID

0015907

ASK ABOUT THIS PROPERTY

Peggy McGintyHomeCo Greensboro LLCMore Info
336-291-8086

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Peggy McGintyHomeCo Greensboro LLCMore Info
336-291-8086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.