3425 Martin Ave — Sale in Greensboro, NC

  • Price: $350K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Greensboro, NC 27405
  • Size: 3,790 SF
  • Year built: 1962

Investment Figures

Price per square foot
$92
Price per unit
$175,000 across 2 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

A distressed multifamily property with potential for value addition. It comprises a total of 5 units. Two of these units are currently leased on a month-to-month basis at a rate of $950 per month. The remaining three units are vacant and have been updated with new flooring, windows, and paint. Tenants are responsible for their electric bills, (Individually metered) while the owner covers the costs of water, sewer, and trash services. The owner has indicated that no T-12 or rent rolls are available. The market rent is conservatively estimated at $1045 per month for each unit. Rent comps in documents and can be provided. Building SF: 3790 | Land Size: 0.61 Ac | Year Built: 1962 | Listing Type: FOR SALE

Market Context

This multifamily in Greensboro, NC is listed for sale at $350,000 across 3,790 SF. The building dates to 1962. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Greensboro, NC — view the full market.

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