1105 Alamance Church Rd
Multifamily | 7.04% CAP | 10 Units
Marketing description
This multi-family property offers ± 8,160 square feet of rentable space on a ±0.83-acre lot. Built in 1971, the building is currently 100% occupied, providing immediate income for investors. With an asking price of $1,260,000 and a Net Operating Income (NOI) of $80,050, the property presents a 7.04% cap rate. Notably, current rents are below market value, offering potential for increased revenue.
The property is zoned RS-9 and features a two-story brick exterior with asphalt/composition shingle roofing. The foundation is a continuous footing, and the building includes a ± 588-square-foot garage/parking area.
Located in Greensboro, this property is in proximity to local amenities and offers convenient access to major transportation routes.
Investment highlights
Asking price: $1,260,000
NOI: $80,050
Cap Rate: 7.04%
100% Occupied
Ready value-add opportunities
Current rents are far below market rent
Window unit A/C’s and baseboard heat
Ten- 2 bedroom/1bathroom units
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