3425 Martin Ave - Apartments FOR SALE


Greensboro, NC 27405- Rankin Area
$350,000 USD
336-264-3204
3425 Martin Ave, Greensboro, NC for Sale
$350,000 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

3425 Martin Ave
Greensboro, NC 27405
Rankin Area


OVERVIEW

Back on the Market, No Fault of the Seller. This is a highly distressed five-unit multifamily property offering strong value-add potential for experienced investors prepared to take on extensive renovation and stabilization work. This asset is not turnkey and will require capital investment to reach optimal performance. The property consists of five total units. Two units are currently occupied on a month-to-month basis at $950 per month.The remaining three units are vacant and have received partial updates, including new flooring, windows, and fresh paint; however, additional work should be expected throughout the property. Utilities are structured with electric individually metered and paid by tenants, while water, sewer, and trash are owner-paid. The seller has disclosed that no T-12 financials or formal rent roll are available. Market rents are conservatively estimated at $1,045 per unit, with rental comps available upon request. CASH ONLY!

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

5

PRICE/UNIT

$70,000

CAP RATE

Request Cap Rate

% LEASED

1%

SALE TYPE

Investment

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

0.61 AC

LAND SF

26,572 SF

ZONING

RM-12

APN/PARCEL ID

0046755

ASK ABOUT THIS PROPERTY

Roger AbbottKW CentralMore Info
336-264-3204

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Roger AbbottKW CentralMore Info
336-264-3204

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