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1611 Fairfax Rd
Greensboro, NC 27407
Asking Price
$3.50M
Cap Rate
6.37%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 36 Units | $97,222/unit <ul><li><span style="color: rgba(0, 30, 69, 1)">36-unit community comprised entirely of two-bedroom floor plans offering broad renter appeal</span></li><li><span style="color: rgba(0, 30, 69, 1)">Consistent unit mix supports operational efficiency and streamlined management</span></li><li><span style="color: rgba(0, 30, 69, 1)">Proven demand from Greensboro’s workforce housing renter base</span></li><li><span style="color: rgba(0, 30, 69, 1)">Value-add opportunity through interior renovation
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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