This Multifamily Property is Off-Market.

400 W Meadowview Rd
Greensboro, NC 27406 ·

56 Units · Multifamily For Sale

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Spring Valley Apartments

Price N/A Property Sub-type Garden/Low-Rise
No. Units 56 Property Use Type Investment
Building Size 1,111 SF Distressed Yes
Property Type Multifamily Auction Yes
Listing ID: 16662274 Date Created: 04/26/2010 Last Updated: 04/28/2010

Description

We on behalf of a large national financial institution, the unique opportunity for qualified parties to acquire at auction Spring Valley Apartments, a 56-unit apartment complex located in Greensboro, NC. The property consists of seven, two-story apartment buildings having a total of 56 garden units ranging from 700 SF to 813 SF per unit. All of the units include two bedrooms and one bathroom and are being advertised for rent for $495 / month.

Spring Valley Apartments was built in 1969 and was constructed with concrete slab flooring and wood framing. The exterior walls on the buildings are brick and wood with wood trim. The roof systems are wood trusses and decking with composition shingles for roof cover.

The most recent appraisal indicates a market value of $1,670,000 (As-Is) as of December 15, 2009. Due diligence materials are available exclusively online at

The Property is located close to Piedmont Triad International Airport and offers superior access from I-40 and I-85. The property benefits from desirable frontage and visibility from West Meadowview Road.

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400 W Meadowview Rd, Greensboro, NC 27406 (Guilford County)

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