2001-2009 Sherwood St
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2001-2009 Sherwood St
5 Unit Apartment Building $1,100,000 ($220,000/Unit) 6.98% Cap Rate Greensboro, NC 27403
Investment Highlights
- Great Location
Executive Summary
Under Contract, accepting back up offers!
Being offered is a 5 townhome portfolio. 2001-2009 Sherwood St.
3 bedroom and 3 full baths per unit. All units have been updated.
Cap rate is based at current rental amount of $1575 x 4 units and no management, the fifth unit just became vacant and it is listed for $1750 per month.
Rents are under market value by $200-250 per unit. Cap rate at market rents would be 6.81% with no management and 6.13% with management at 8%.
Can rent by the room or the whole unit at this location.
Recent appraisal of $1,400,000 within last 30 days.
Near area colleges and close to downtown and Friendly center.
Great location and layout.
Being offered is a 5 townhome portfolio. 2001-2009 Sherwood St.
3 bedroom and 3 full baths per unit. All units have been updated.
Cap rate is based at current rental amount of $1575 x 4 units and no management, the fifth unit just became vacant and it is listed for $1750 per month.
Rents are under market value by $200-250 per unit. Cap rate at market rents would be 6.81% with no management and 6.13% with management at 8%.
Can rent by the room or the whole unit at this location.
Recent appraisal of $1,400,000 within last 30 days.
Near area colleges and close to downtown and Friendly center.
Great location and layout.
Property Facts Under Contract
| Price | $1,100,000 | Apartment Style | Townhome |
| Price Per Unit | $220,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 6.98% | Building Size | 6,400 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 75% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2008/2022 |
| Property Subtype | Apartment |
| Price | $1,100,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 6.98% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.49 AC |
| Building Size | 6,400 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 2008/2022 |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 5 | - | - |
1 of 1
Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 0015907 | Improvements Assessment | $400,300 |
| Land Assessment | $170,800 | Total Assessment | $571,100 |
PROPERTY TAXES
Parcel Number
0015907
Land Assessment
$170,800
Improvements Assessment
$400,300
Total Assessment
$571,100
zoning
| Zoning Code | RM-18 - APARTMENTS (Land Class is APART) |
| RM-18 - APARTMENTS (Land Class is APART) |
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Peggy McGinty - HomeCo Greensboro LLC
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2001-2009 Sherwood St
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