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Renovated Apartment Community
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Pending

1606 Pinecroft Rd, Greensboro, NC 27407

Pinecroft Apartments offer 224 fully renovated units with recent roof replacement, landscaping, and interior upgrades.

Property SizeContact for details
Days on Market151

Property Features for 1606 Pinecroft Rd

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 224
Listing Agency: Greysteel
Listed By: John Manning · License #NC 287486
Source: Crexi
Added: Apr 10 Changed: Aug 27 Last Checked: Sep 7 at 10:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greysteel

Investment Insights

Based on property information with market context.

Pinecroft Apartments is a residential income property featuring 224 units. The entire property’s units were totally renovated within the past 24 months, including interior painting, countertops, flooring, and appliances. The renovations also included new roofs and new landscaping.

The property is located in Greensboro, North Carolina, within close proximity to employment centers and abundant retail.

With the renovation program completed and stabilization referenced as occurring in March of 2017, the community is positioned for continued operations following the updates.

Key Highlights

  • Pinecroft Apartments in Greensboro, NC offers 224 units.
  • All 224 units were totally renovated within the past 24 months, including painting, countertops, flooring, and appliances.
  • New roofs were completed as part of the renovation program.

Property Analytics

Current Use

The Retreat at Copper Creek Apartment Complex

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

224
Residential units

Location Intelligence

Trade Area within ½ mile

1,152
Businesses Nearby

Demographics for 27407, NC

49,803
Population
23,861
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
88%
High-School Grad
29.4 sq mi
ZIP Area
1,694
Density / Sq Mi
$59,308
Median Household Income
$35,819
Median Earnings
$1,113
Median Rent
$203,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Pinecroft Apartments offer 224 fully renovated units with recent roof replacement, landscaping, and interior upgrades.
Where is this apartment building located?
The property is located at 1606 Pinecroft Rd Greensboro, NC.
What are key features of this property?
This property features: Pinecroft Apartments in Greensboro, NC offers 224 units.; All 224 units were totally renovated within the past 24 months, including painting, countertops, flooring, and appliances.; New roofs were completed as part of the renovation program.
More about this property
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