1620 Spring Garden St - Apartments FOR SALE


Greensboro, NC 27403- Brice Street Area
$2,070,000 USD
954-702-6710
1620 Spring Garden St, Greensboro, NC for Sale
$2,070,000 USD
Apartments - FOR SALE
1/2
null | 7.18% Cap Rate

1620 Spring Garden St
Greensboro, NC 27403
Brice Street Area


HIGHLIGHTS

  • Almost 90% Renovated
  • Under-Market Rents ready to increase cashflow!
  • Centrally located near UNC Greensboro, downtown, and major employers
  • This property benefits from consistent rental demand and Triad market growth.

OVERVIEW

The Kohler Team at KW Commercial is proud to exclusively represent the opportunity to purchase University Court Apartments! This property offers a rare chance to acquire a 17-unit apartment community in one of Greensboro’s strongest rental corridors. Nearly 90% renovated, ownership invested heavily through 2024–2025, delivering upgraded units and refreshed exteriors. Leasing surged since summer 2025, with most units now occupied under market rent, creating a prime value-add opportunity with a pro forma cap rate of 7.1%. Centrally located near UNC Greensboro, downtown, and major employers, the property benefits from consistent rental demand and Triad market growth. For investors seeking scale, stability, and upside, University Court Apartments is an opportunity you do NOT want to miss!

FOR SALE DETAILS

PRICE

$2,070,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

17

PRICE/UNIT

$121,765

CAP RATE

7.18%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

RM18

APN/PARCEL ID

0011759

ASK ABOUT THIS PROPERTY

Kevin KohlerThe Kohler Team | KW CommercialMore Info
954-702-6710

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Kevin KohlerThe Kohler Team | KW CommercialMore Info
954-702-6710

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