1611 Fairfax Rd

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1611 Fairfax Rd

Greensboro, NC 27407
Asking Price
$3.50M
Asset Type
Multifamily
Class
Class B

What's Special

1611 Fairfax Road is situated in a residential pocket of southwest Greensboro, North Carolina. The property offers proximity to major retail corridors along West Wendover Avenue and High Point Road, providing tenants with access to diverse dining, grocery, and shopping options. The location is characterized by a suburban residential feel while remaining connected to the broader Tri-City area. Transportation access is facilitated by the nearby Interstate 40 and Business 85 interchange, allowing for efficient commuting to downtown Greensboro and the Piedmont Triad International Airport. This multifamily asset is positioned for consistent occupancy, serving a tenant profile of local professionals, small families, and service-sector employees. The location is well-suited for long-term workforce housing or value-add investment strategies. Residents typically prioritize the area for its balance of affordability and accessibility to employment hubs in health care, logistics, and education. The property’s footprint supports standard apartment operations catering to individuals seeking convenient access to Greensboro’s primary commercial districts and regional transit routes.

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

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