NC > Greensboro
Greensboro, NC 27403,1620 Spring Garden ST
Greensboro, NC 27403,1620 Spring Garden ST
Greensboro, NC 27403,1620 Spring Garden ST
Greensboro, NC 27403,1620 Spring Garden ST
Greensboro, NC 27403,1620 Spring Garden ST
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Kelsie Blevins

Kelsie Blevins

+1(828) 221-6070
$ 2,070,000
Est. payment | /mo

1.29 Acres Lot

Save
$ 2,070,000
Est. payment | /mo
Save

1.29 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4308553

Year Built 1981

Lot Size 1.290 Acres

Acres 1.29

Property 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.

Location

State NC

County Guilford

Zoning Residential, Multi-Family

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building

Exterior

Fence Partial

Utilities Available Cable Available, Electricity Connected, Wired Internet Available

Street Surface Paved

Total Parking Spaces 34

Building

Lot Description Paved, Wooded

Dwelling Type Site Built

Sewer Public Sewer

Water City

New Construction false

Others

Senior Community false

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Special Listing Condition None

© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Zena Krogedal • Keller Williams Ballantyne Area • Zena.RealTwarrior@gmail.com
Kelsie Blevins

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(828) 221-6070

kelsie.estate@gmail.com

785 U.S. Hwy 70 SW STE 100, Hickory, NC, 28602

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1620 Spring Garden ST