1024 Fir PlGreensboro, NC 27407

Property Details for 1024 Fir Pl

Year built

1989

Lot size

2.01 AC

Property size (Sq ft)

39,429 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional value-add multifamily investment opportunity presents a 30-unit apartment building located at 1024 Fir Pl, Greensboro, NC 27407. The property, known as The Village of Nantucket, comprises 39,429 square feet and sits on a 2.01-acre lot. Built in 1989 with renovations completed between 2015 and 2024, the complex features a mix of 19 townhomes and 11 bungalows, offering diverse housing options. The 16 buildings are three stories high, providing a total of 30 units with a current 92% occupancy rate and a 5.00% cap rate. Ample parking is available with 68 spaces. The property is zoned RM-18 and benefits from its location in a desirable Greensboro neighborhood, close to major highways (I-40, I-85, and US-29), Piedmont Triad International Airport (15 minutes away), top-rated schools, parks, retail centers, and public transportation (GTA). Greensboro's robust economy, driven by education, healthcare, manufacturing, and logistics sectors, ensures strong tenant demand. Nearby universities like UNC Greensboro and NC A&T further enhance the property's appeal. This presents a compelling buy-and-hold opportunity with potential for rental income growth and property appreciation through further enhancements or amenity upgrades. The property's strong fundamentals and location within a thriving market make it an attractive investment prospect. The APN is 7844503294. There is no ground lease

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0559

Longitude

-79.8607

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