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Cambridge Apartments on Elm 3300 N Elm St 36 Unit Apartment Building For Sale Greensboro, NC 27405
Investment Highlights
- 36-unit multifamily community with ~$500K in recent capital expenditures.
- Strong local economy anchored by major employers, universities, and healthcare networks.
- Clear upside through both operational enhancements and targeted renovation program.
- Positioned within Greensboro’s core, offering unrivaled connectivity via I-840 Urban Loop.
- Surrounded by premier retail, dining, and lifestyle amenities supporting renter retention.
Executive Summary
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to exclusively present Cambridge Apartments on Elm, a 36-unit multifamily community located in Greensboro, North Carolina. As current ownership has invested ~$500k of capital expenditures into the asset, the property presents new investors with a compelling opportunity to acquire a quality asset with meaningful revenue upside through both organic rent growth and a targeted value-add strategy supported by strong household incomes, sustained renter demand, and a supply-constrained market. Ideally positioned at the nexus of the city’s most sought-after retail, dining, and entertainment destinations, Cambridge Apartments on Elm offers seamless connectivity to the broader MSA via the recently completed I-840 Urban Loop providing residents with direct access to the region’s top employers. Greensboro’s central position within the Triad places residents within minutes of major employers, premier healthcare systems, and leading universities reinforcing the markets strong and diverse renter demand.
Property Facts
| Sale Type | Investment | Lot Size | 2.31 AC |
| No. Units | 36 | Building Size | 34,988 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1969/2022 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Zoning | RM-18 - Residential | ||
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.31 AC |
| Building Size | 34,988 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2022 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | RM-18 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 545 |
| 2+1 | 12 | - | 670 |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0044873 | Improvements Assessment | $1,565,400 |
| Land Assessment | $237,000 | Total Assessment | $1,802,400 |
Property Taxes
Parcel Number
0044873
Land Assessment
$237,000
Improvements Assessment
$1,565,400
Total Assessment
$1,802,400
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Cambridge Apartments on Elm | 3300 N Elm St
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