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About This Home
This 0-bedroom, 0-bathroom commercial at 3425 Martin Avenue in Greensboro, NC is listed for $350,000 ($92 per sqft). Built in 1962, the home offers 3,790 sqft of living space on a 0.61 acres lot.
Back on the Market, No Fault of the Seller. This is a highly distressed five-unit multifamily property offering strong value-add potential for experienced investors prepared to take on extensive renovation and stabilization work. This asset is not turnkey and will require capital investment to reach optimal performance.
The property consists of five total units. Two units are currently occupied on a month-to-month basis at $950 per month.The remaining three units are vacant and have received partial updates, including new flooring, windows, and fresh paint; however, additional work should be expected throughout the property.
Utilities are structured with electric individually metered and paid by tenants, while water, sewer, and trash are owner-paid. The seller has disclosed that no T-12 financials or formal rent roll are available. Market rents are conservatively estimated at $1,045 per unit, with rental comps available upon request.
Key Features
- Built in 1962
- 0.61 acre lot
- 5 parking spaces
Property Details
Monthly Cost Estimate
$1,872/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3425 Martin Avenue
Greensboro, NC 27405
Not in a Subdivision
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 3425 Martin Avenue is listed at $350,000 ($92/sqft). The estimated monthly payment is $1,517 based on 20% down at 6.5% interest.
Key features include: Built in 1962, 0.61 acre lot, 5 parking spaces.
This property is listed by Roger Abbott and can be reached at 3362643204 or abbotthomeproperties@gmail.com.
