3501 N Church St, Greensboro, NC, 27405, US

Church & Flint

Asset Description

Jones Lang LaSalle, a licensed real estate broker operating in both North and South Carolinas (“JLL”), is proud to have been selected as the exclusive sales representative for Church & Flint Apartments, which is comprised of two assets on the same block, in Greensboro, North Carolina (hereinafter referred to as “The Asset”). These properties features a total of 56 apartment units that offer an ideal value-add investment opportunity in The Triad. Church & Flint, constructed in 1968 and 1972, respectively, are strategically positioned along a burgeoning pathway of development in Greensboro.

Featuring a total of 36 recently renovated units, this property presents an outstanding investment opportunity for new owners to capitalize on the area’s high rental potential. The Asset is set in an ideal economic and financial climate, presenting a highly favorable opportunity for new ownership to achieve exceptional returns on their investment. The area is currently witnessing a surge in economic development investment due to its proximity to five mega-sites (1,000+-acre land sites attracting development), its low cost of living, and its location within one of the largest college and talent hubs in the Southeast.

...

Attributes

Number of units

56 units

Occupancy

93%

Year built

1972

Building area gross

5,296 m²

Land area gross

2 ha

Investment strategy

Value Add

Media

Investment Highlights

Mark-to-Market Potential

With strong market fundamentals in the area, the new ownership of this property is well-positioned to leverage the ongoing demand for rental properties and capitalize on the mark-to-market opportunity with the completion of heavy turns.

Diverse Locational Job Growth

Proximity to 5 mega-sites, high graduate counts from the 8 colleges and universities in Guilford County (as well as those from neighboring High Point and Raleigh-Durham), and quick access to the greater Triad cities have positioned Greensboro for continued corporate investment and job growth.

Changing Market Fundamentals

Driven by on-shoring, lower land costs, lower cost of doing business, and a dynamic talent pool where 66% of the population is college-educated, Greensboro continues to experience economic diversification and an influx of higher paying jobs in aerospace and advanced manufacturing