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28850932
28850931

8 Locations

MR
NC NC #337472
Marcus & Millichap - Raleigh
RP
NC 358857
Marcus & Millichap - Greensboro
RL
SC 118061
Marcus & Millichap - Charleston
JD
NC 187177, SC 81764
Marcus & Millichap - Greensboro
Listed by Marcus & Millichap - Raleigh, Marcus & Millichap - Greensboro, Marcus & Millichap - Charleston
$1,075,000
175 days on market
Updated 5 days ago

High Point Condos

Details
Property Type Multifamily
Sub Type Apartment Building, Condominium (+1)
Square Footage 8,796
Units 8
Cap Rate 6.82%
NOI $73,268
Price per SqFt $122
Year Built 2001 & 1995
Acreage 0.680

Multifamily | 8 Units | $134,375/unit

Marketing description

Marcus & Millichap is pleased to present High Point Condos, a portfolio of eight condominium units located in the High Point and Trinity submarkets of the Piedmont Triad. The offering includes seven units in High Point, all built in 2001, and one additional unit in Trinity, built in 1995. Each condo features desirable two- and three-bedroom layouts that cater to a wide renter demographic. The Trinity condo is situated less than 10 miles from the High Point properties, providing investors with operational efficiency and convenient proximity while still offering a degree of geographic diversification within the same regional market.

Positioned within the dynamic Greensboro–Winston-Salem–High Point MSA, High Point Condos benefit from access to major employment centers, higher education institutions, and a variety of retail and lifestyle amenities. The High Point units are located near High Point University, local shopping destinations, and growing commercial corridors, while the Trinity property enjoys quick access to I-85, connecting residents to the broader Piedmont Triad region. Together, these assets offer investors a stable, well-located opportunity in one of North Carolina’s most balanced and resilient multifamily markets.

Investment highlights

  • Portfolio of seven 2001-built condos in High Point and one 1995-built unit in Trinity.
  • All two- and three-bedroom layouts ideal for strong tenant demand.
  • Convenient access to U.S. 70 and I-74 for regional connectivity.
  • Less than 5 miles from Downtown High Point and 20 miles from Greensboro.
  • Located in stable, high-demand Triad submarkets with steady rent growth.

Listing Contacts

MR
NC NC #337472
Marcus & Millichap - Raleigh
RP
NC 358857
Marcus & Millichap - Greensboro
RL
SC 118061
Marcus & Millichap - Charleston
JD
NC 187177, SC 81764
Marcus & Millichap - Greensboro
Listed by Marcus & Millichap - Raleigh, Marcus & Millichap - Greensboro, Marcus & Millichap - Charleston

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,268.00
$6,105.67/mo

Valuation Metrics

0
DSCR
6.82%
Cap Rate
6.82%
ROI

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Additional Information

Name
Charles Gallagher
License
NC 351471
Title
Broker of Record
Name
Matthew Rice
License
NC #337472
Brokerage
Marcus & Millichap
Brokerage Phone
9196741112
Title
Associate Investments
Name
Ryan Parrish
License
358857
Brokerage
Marcus & Millichap
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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