3425 Martin Ave - Apartments FOR SALE


Greensboro, NC 27405- Rankin Area
$395,000 USD
800-445-9958
3425 Martin Ave, Greensboro, NC for Sale
$395,000 USD
Apartments - FOR SALE
1/5
null | 14% Cap Rate

3425 Martin Ave
Greensboro, NC 27405
Rankin Area


OVERVIEW

5 Unit Multi-Family 3800 Sq Ft. 1 Unit is 3 Bedroom and 1 Bath 4 Units are 2 Bedroom and 1 Bath Tenants are month-to-month at 100% Occupancy. STATUS: Active LOCATION: 3425 Martin Ave Greensboro, NC 27405 PURCHASE PRICE: $395K CAP RATE: 14% Tax Assessed Value is $231K GROSS INCOME: $4600 Gross Monthly NET INCOME: $4600 Monthly DESCRIPTION: This Brick building is 1 story next to NC A&T. This is a very quiet community making this a great opportunity for a Fix and Flip or just simply add this Cash Flowing asset to your portfolio. This is a great opportunity for a first-time investor to get a hold of an asset that is generating passive income and could yield some equity after some minor repairs.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

5

PRICE/UNIT

$79,000

CAP RATE

14%

% LEASED

100%

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-12

APN/PARCEL ID

0046755

ASK ABOUT THIS PROPERTY

Andre CobbARC Real Estate LLC.More Info
800-445-9958

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Andre CobbARC Real Estate LLC.More Info
800-445-9958

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