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2501 Vanstory St 15 Unit Apartment Building $1,590,000 ($106,000/Unit) Greensboro, NC 27407
EXECUTIVE SUMMARY
Rare opportunity to own a 15 unit brick apartment investment in convenient Greensboro location. 15 two bedroom, one bath units. Many long term tenants. Parking lot recently sealed and lined and exterior wood painted. 12 of the units have received a major update and 3 remain to be updated. Many replacement vinyl windows. Each unit has washer/dryer hookup and tenants own their washing machines and dryers. Landlord owns refrigerators and ranges. Power is individually metered and paid by tenants and water is paid by landlord. Located in a very convenient part of Greensboro, across from Four Seasons Mall and convenient to shopping, restaurants, and public transport. Toyotas $13B battery plant and JetZeros aerospace expansion are bringing thousands of jobs to Greensboro, fueling population growth, rental demand, and strong multifamily investment. Please do not disturb tenants.
PROPERTY FACTS Under Contract
| Price | $1,590,000 | Building Class | C |
| Price Per Unit | $106,000 | Lot Size | 1.22 AC |
| Sale Type | Investment | Building Size | 11,580 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1967 |
| Apartment Style | Low-Rise | Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-12 | ||
| Price | $1,590,000 |
| Price Per Unit | $106,000 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.22 AC |
| Building Size | 11,580 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1967 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RM-12 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 15 | - | - |
PROPERTY TAXES
| Parcel Number | 0039867 | Improvements Assessment | $694,100 |
| Land Assessment | $109,700 | Total Assessment | $803,800 |
PROPERTY TAXES
Parcel Number
0039867
Land Assessment
$109,700
Improvements Assessment
$694,100
Total Assessment
$803,800
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2501 Vanstory St
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