Description
This property offers a rare chance to acquire a 17-unit apartment community in one of Greensboro's strongest rental corridors. Nearly 90% renovated, ownership invested heavily through 20242025, delivering upgraded units and refreshed exteriors. Leasing surged since summer 2025, with most units now occupied under market rent, creating a prime value-add opportunity with a pro forma cap rate of 7.1%. Centrally located near UNC Greensboro, downtown, and major employers, the property benefits from consistent rental demand and Triad market growth. For investors seeking scale, stability, and upside, Spring Garden Apartments is an opportunity not to miss.
-
0BEDS
-
1.29ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Offered by Keller Williams Ballantyne Area: 704-887-6600. Copyright 2025 Canopy MLS. All rights reserved.Description
This property offers a rare chance to acquire a 17-unit apartment community in one of Greensboro's strongest rental corridors. Nearly 90% renovated, ownership invested heavily through 20242025, delivering upgraded units and refreshed exteriors. Leasing surged since summer 2025, with most units now occupied under market rent, creating a prime value-add opportunity with a pro forma cap rate of 7.1%. Centrally located near UNC Greensboro, downtown, and major employers, the property benefits from consistent rental demand and Triad market growth. For investors seeking scale, stability, and upside, Spring Garden Apartments is an opportunity not to miss.
Based on information submitted to the MLS GRID as of 2025-12-14T20:33:15.103 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carlyle Properties nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2025 Canopy MLS.
“Listings courtesy of Canopy MLS as distributed by MLS GRID
Some IDX listings have been excluded from this website.
Digital Millennium Copyright Act