Guilford County, Greensboro, NC 27405

Property Overview Total Units: 56 market-rate units built in 1972. Composition: 28 Townhome style units and 28 Garden style units. Layout: Two separate 28-unit complexes located 0.4 miles apart on non-adjoining tax parcels. Addresses: Property 1: 3700 Flint Street, Greensboro, NC 27405 Property 2: 3501 N Church Street, Greensboro, NC 27405 Utilities: Tenants pay electricity and water. Owners cover trash and pest control, then bill back $20 to tenants. Unit Mix & Occupancy Unit Breakdown: 28 x 2 Bedroom, 1.5 Bath 16 x 2 Bedroom, 1 Bath 12 x 1 Bedroom, 1 Bath Combined Occupancy: 83.93% pre-leased based on the most recent rent roll. Church Street Occupancy: 93% pre-leased. Flint Street Occupancy: 75% pre-leased. Financials & Valuation Price: $5.25M + 3% ($5,407,500) Valuation Cap Rate: 5.92% Income Trend: T3 vs. T12 income is up 8.3%. Appraisal: Appraised for $5.7MM in March 2025. Income & OPEX (T12 May 25-April 26): Operating Income: $513,191 OPEX: $202,557 NOI: $310,633 Seller Finance Details: Down Payment: $500k 7% IR @ 3 year balloon Existing Loan Details (Assumption Optional) Type: Fannie Mae Loan. Current Balance: $4,275,000. Interest Rate: 5.86%. Term: 7-year term with 4 years Interest-Only Amortization Start: September 1, 2029 CAPEX & Renovations Interior: 28 units have been renovated to varying degrees. Exterior: $275,000 spent on siding repairs, parking lot patching/striping, paint, landscaping, electrical panel upgrades, plumbing jetting/lining, signage, and sidewalk/balcony repairs. Value-Add Opportunity: Relocating the upstairs closet laundry hookups at the Church Street property to a central closet at the top of the stairs would create more functional units. 3700 Flint Street: a 28-unit garden-style multifamily located in Greensboro, North Carolina. The property consists of two stories and offers a mix of 1-bedroom and 2-bedroom floor plans, making it a straightforward candidate for a value-add strategy in the Greensboro market. A few additional details: Property type: Multifamily apartment community Occupancy: 75% Built: 1968 Roof: 7 years old Lot: 1.73 acres (75,359 sq. ft.) Unit mix: 1-bedroom and 2-bedroom units Average Unit Size: 500 sq. ft. and 595 sq. ft. Utilities: All-electric with central air Renovation signal: Units are 60-70% updated with brand new HVAC Amenities: Stove, refrigerator, dishwasher, central air, water furnished County: Guilford County 3501 N Church Street: a 28-unit townhome-style multifamily community located in Greensboro, North Carolina. Built in 1972, the property consists of two stories and is classified as a Class C apartment asset on public listings. The community sits on a 2.02-acre parcel and offers a functional unit mix and layout suited for a value-add strategy in the Greensboro market. A few additional details: Building size: 28,408 SF Occupancy: 93% Built: 1972 Roof: 7 years old Lot: 2.02 acre (87,991 sq. ft.) Parking ratio: 0.7 per 1,000 SF Unit type: 2-bedroom / 1.5-bath floor plans Average Unit Size: 986 sq. ft. Renovation signal: Units are 60–70% updated with brand new HVAC Amenities: Washer/dryer hookup, hardwood floors, refrigerator, range, high-speed internet, water included County: Guilford County Features Air Conditioning Pet Friendly Unassigned Parking Patio The 3700 Flint Street / 3501 N Church Street portfolio is located in north Greensboro's 27405 submarket, a car-oriented residential corridor served by the broader Guilford County and Greensboro street network. The area is a stable workforce-housing pocket with nearby apartments, shopping, schools, parks, and commuter access rather than a dense urban core. Area Type This is a low- to moderate-density multifamily neighborhood made up of garden-style and townhome-style apartment communities, single-family neighborhoods, and everyday retail support uses. The submarket is characterized by practical rental housing demand, local service retail, and neighborhood-level amenities rather than major downtown or institutional uses. Access & Connectivity The portfolio benefits from access to Greensboro's major roadway network and sits near regional north Greensboro corridors, including US Highway 29 and other city arterials that connect residents to employment, retail, and the broader metro area. Both assets are described as car-dependent with walk scores in the mid-30s, which reinforces the need for vehicle-based access and supports suburban apartment demand. Zoning & Typical Uses Public listing data shows 3501 N Church Street is zoned RM18 and is classified as a Class C garden-style apartment property, while 3700 Flint Street is a similar established multifamily asset with a 1968 vintage and a value-add orientation. Typical surrounding uses include apartment communities, residential neighborhoods, and neighborhood retail and service uses that support workforce renters. Overall Positioning Together, the two properties function as a two-asset apartment portfolio in Greensboro's 27405 rental market, offering scale through 56 total units while remaining operationally manageable because the assets sit on separate parcels about 0.4 miles apart. The combined positioning is well suited to a value-add business plan centered on unit upgrades, occupancy improvement, and mark-to-market rent growth in a stable suburban rental corridor. Featured Locations Bur-Mil Park: Large 250-acre outdoor facility featuring golf, fishing, trails, tennis, pickleball, playgrounds, and lake access. LeBauer Park: Vibrant downtown hub featuring public art, community events, performances, and food vendors. Altitude Trampoline Park: Indoor recreation center featuring trampolines, dodgeball courts, and fitness activities. · Country Park : A highly popular city park featuring stocked fishing lakes, walking and biking trails, playgrounds, pedal boats, and picnic areas. · Tanger Family Bicentennial Garden : A beautifully landscaped, 7.5-acre public garden renowned for its walking paths, seasonal floral displays, sculptures, and event spaces. · Greensboro Science Center : A major family attraction that unique combines an aquarium, zoo, museum exhibits, and interactive educational experiences. Elementary Schools (~0.5-2.5 miles) Ronald E. McNair Elementary School – PK-5, the primary assigned elementary school for 3501 N Church St, located roughly 2.5 miles from the property. This public school serves 489 students with standard district programming and established enrollment in the surrounding residential neighborhoods. Irving Park Elementary School – PK-5, a nearby elementary school serving the broader Greensboro area, located at 1310 Sunset Dr, Greensboro, NC 27408. This public school serves both 3700 Flint St and 3501 N Church St properties. Ceasar Cone Elementary School – PK-5, the assigned elementary school for 3700 Flint St, serving surrounding residential neighborhoods with core academic programs. Middle Schools (~1-1.5 miles) Mendenhall Middle School – Grades 6-8, the primary assigned middle school for both properties, located roughly 1.3-1.5 miles from the subject properties. This public school serves 624-656 students and acts as a key feeder into nearby high schools within the Greensboro corridor. High Schools (~1-3 miles) Page High School – Grades 9-12: the main assigned high school for this submarket, located approximately 1.2 miles from 3501 N Church St. This large comprehensive public high school serves 1,787 students and offers academic and standard district programming serving the greater Greensboro west side area. Key Metrics Total Population: ~175,000 Total Households: ~74,000 Median Household Income: ~$85,000 Median Housing Value: ~$270,000 Gender Breakdown Female: 52% Male: 48% Reach out direct for inquiries/access. NDA to get full financials, RR, appraisal. Hans [contact details hidden] call or text Apply for hard money or DSCR loans Join our Buyers List