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Alamance Church Apartments 1105 Alamance Church Rd 10 Unit Apartment Building $1,260,000 ($126,000/Unit) 7.04% Cap Rate Greensboro, NC 27406
INVESTMENT HIGHLIGHTS
- Value add Opportunities
- Window unit A/C’s and baseboard heat
- Current Rents are far below market rent
EXECUTIVE SUMMARY
100% Occupied. 7.04 % Cap Rate Ten- 2 bedroom/1bathroom units
PROPERTY FACTS
| Price | $1,260,000 | Building Class | C |
| Price Per Unit | $126,000 | Lot Size | 0.91 AC |
| Sale Type | Investment | Building Size | 8,160 SF |
| Cap Rate | 7.04% | No. Stories | 2 |
| No. Units | 10 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 2.45/1,000 SF |
| Property Subtype | Apartment | Zoning | RS-9 - Residential |
| Apartment Style | Low-Rise |
| Price | $1,260,000 |
| Price Per Unit | $126,000 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 8,160 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | RS-9 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | 800 - 816 |
PROPERTY TAXES
| Parcel Number | 0052574 | Improvements Assessment | $524,700 |
| Land Assessment | $24,000 | Total Assessment | $548,700 |
PROPERTY TAXES
Parcel Number
0052574
Land Assessment
$24,000
Improvements Assessment
$524,700
Total Assessment
$548,700
MAP
ADDITIONAL PHOTOS
IMG_2051
IMG_2028
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