Unity Place

3104 Summit Avenue ,
Greensboro, NC 27407

 

$4,300,000
Price
42
Number of Units
$102,381
Price Per Unit
145,360
Land SF
9.23
GRM
1962
Year Built
$4,300,000
Price
42
Number of Units
$102,381
Price Per Unit
145,360
Land SF
9.23
GRM
1962
Year Built

Why Invest in Unity Place

  • • Roof & Gutters: Fully replaced in November 2024. • Plumbing & Electrical Upgrades: Significant updates have been completed in recent years, reducing future maintenance risks. • Kitchens & Bathrooms: Significant upgrades throughout units—modernized appeal. • HVAC Systems: Installed in 2019—huge peace of mind for investors. • Consistent, Strong Cash Flow: o Total Collected Rents (12 months): $456,365.28 o Total Operating Income (12 months): $465,871.40 o Net Operating Income (NOI, trailing 12): $322,822.85 • Good occupancy and rental collections throughout the year. • Laundry income stream available. • Expenses are in line with well-maintained, stabilized assets. • Market is seeing rising rents—room for further increases as leases turn. • Greensboro is a steady, growing rental market with strong tenant demand. • Central location—close to major highways, employers, and amenities.

Location Highlights

  • O. Henry Oaks is a stable residential neighborhood known for its mature trees, quiet streets, and a strong sense of community. The area is seeing new investment and ongoing improvements, making it attractive to tenants seeking affordable, well-maintained housing with easy access to the best of Greensboro.
  • Close to Major Employers: Minutes from downtown Greensboro, local hospitals, and colleges like NC A&T and UNC Greensboro—strong draw for students and working professionals.
  • The neighborhood is within walking distance of local cafes and restaurants, such as Iron Hen Cafe and Crafted - The Art of Street Food.
  • Public Transit & Parks Nearby: Bus routes, public parks, and green spaces are close by, offering added appeal for families and commuters
  • Close to Major Employers: Minutes from downtown Greensboro, local hospitals, and colleges like NC A&T and UNC Greensboro—strong draw for students and working professionals.
FOR MORE DETAILS CONTACT
Elle Lowry
(704) 726-4982
Elle@JWRealty1.com
313253