Greensboro , NC information/deal analysis
Hi All!
As I am doing research on a 8 unit apt building, I am researching what the area is around Mcpherson street and if anyone from there has had any experience/knowledge of the growth around there? Analyzing a potential deal and trying to get all the information I can. From what I can tell on the tax rate est. around 3000/yr tax. The units are under performing and not to market standards with the area. I will post the analysis once I have all the numbers correctly in the calculator. Looking for RE agent in the area that can help me with this and any leads on great Property Management. Thanks everyone!
Josh
Most Popular Reply
Hey all, just came across this threat and realized this is probably the 8 unit I bought a few months ago. Wanted to update you all in case anyone is interested in the Greensboro multifamily market.
The buildings were severely mis-managed and under markets rents. Ended up renovating 4 out of the 8 units and increased rent about 45% in each unit. Hoping to do the other 4 over the next 6 months and this will be a great property to hold on to or eventually sell as a turnkey investment.