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1604 17th St
Greensboro, NC 27405

The Oaks Gate City · Multifamily Property For Sale · 95 Units

Investment Highlights

  • Outstanding value-add multifamily opportunity by Downtown Greensboro, North Carolina
  • Situated in a Greensboro "Opportunity Zone" allowing for certain qualified tax benefits
  • Offering includes 94 townhome units and an adjacent single-family house
  • High occupancy with rents well-below market offers significant upside for investors
  • Walking distance to Walmart Supercenter, Lowe’s Home Improvement, restaurants, shopping and more

PROPERTY FACTS

No. Units 95
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 5.66 AC
Building Size 94,066 SF
Average Occupancy 93%
No. Stories 2
Year Built/Renovated 1967/1975
Parking Ratio 1.19/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Views
  • Carpet
  • Vinyl Flooring

Site Amenities

  • Courtyard
  • Property Manager on Site
  • Security System
  • Maintenance on site

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 94 - 990
3+1 1 - 1,006

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0027653
Land Assessment
$369,200
Improvements Assessment
$4,917,400
Total Assessment
$5,286,600

zoning

Zoning Code RM18 (Situated in a Greensboro "Opportunity Zone" allowing for certain qualified tax benefits)
RM18 (Situated in a Greensboro "Opportunity Zone" allowing for certain qualified tax benefits)
  • Listing ID: 20779798

  • Date on Market: 8/28/2020

  • Last Updated:

  • Address: 1604 17th St, Greensboro, NC 27405

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