1620 Spring Garden Street
1620 Spring Garden Street
Greensboro, NC 27403
$2,070,000
- Lot Size: 1.29 Acres
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 2024–2025, 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.
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | N/A |
| Year Built : | 1981 | Construction Type : | Site Built |
| Lot Size : | 1.29 Acres |
Property Features
- Paved
- Wooded
More Information
- Parking : Parking Lot
- Heating : Forced Air
- Cooling : Central Air
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional, Private
Based on information submitted to the MLS GRID as of 10-02-2025 12:40:05 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.