Commercial Apartment Wholesale Deal Greensboro
SUMMARY Greensboro Commercial Wholesale Deal boasting a Potentially 14.3% Cap Rate! Apartment consist of 3 buildings, a 2-story apartment building, 3-story apartment building, and a house used as the property management office. There are 17 total apartments, all bedrooms have there own bathrooms. The unit mix is 10 – 3bedrooms and 7 – 2bedrooms for a total of 44 units, bedrooms and bathrooms. Each apartment needs an HVAC unit. The walls will need repair where the copper condensation lines runs through the rear wall of each unit. The home is a 2 bedroom 1 bath property and has been updated and sits on the corner. The 2 story building does have a Riser Room and is on a centralized sprinkler system monitored by the Fire Department. The 2 story building was not required to have a sprinkler at the time of construction. Most of the units, with the exception of a few, have all appliances or select appliances. The units were completed when built in 2005 and have CO’s for each building. They currently need repair and cleaning due to being vacant and vagrants .
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