1604 17th St | Greensboro, NC 27405
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- LoopNet Team
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 | Building Size | 94,066 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1967/1975 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 5.66 AC |
| 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
| Parcel Number | 0027653 | Improvements Assessment | $6,999,919 |
| Land Assessment | $525,556 | Total Assessment | $7,525,475 |
PROPERTY TAXES
Parcel Number
0027653
Land Assessment
$525,556
Improvements Assessment
$6,999,919
Total Assessment
$7,525,475
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) |
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