Colony Pointe Apartments For
1611 Fairfax Rd Greensboro, NC 27407
For Sale
$3,500,000
36-unit multifamily community in Greensboro, NC, with value-add potential.
Days on Market96
Property Features for 1611 Fairfax Rd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Charleston Office
(336) 450-4651
Listed By:
Ryan Parrish · License #License(s): NC: 358857
(336) 450-4651
Source:
Marcusmillichap
Added: Apr 20
Changed: Jul 10
Last Checked: Jul 24 at 4:41AM
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 Charleston Office
Investment Insights
Based on property information with market context.
Colony Pointe Apartments is a 36-unit multifamily community built in 1973. The property consists entirely of two-bedroom floor plans. The property caters to Greensboro’s workforce renters seeking affordability, functionality, and convenient access to major employment corridors. The consistent two-bedroom layout promotes operational efficiency, broad tenant appeal, and stable cash flow. The property benefits from Greensboro’s diverse economic base, supported by key sectors including healthcare, education, manufacturing, and logistics. Situated within the Piedmont Triad with access to major transportation corridors, the area continues to experience steady demand for attainable housing, reinforcing long-term investment fundamentals. The property also offers value-add potential through interior upgrades. Select renovations present the opportunity to achieve rental premiums while maintaining affordability. The uniform floor plan allows for an efficient and scalable renovation program, enhancing both returns and overall asset value.
Key Highlights
- Strong cash flow potential due to consistent two‑bedroom layout and broad tenant appeal.
- Value‑add opportunity through interior upgrades to achieve rental premiums.
- Located in Greensboro with a diverse economic base and strong demand for attainable housing.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 36-unit multifamily community in Greensboro, NC, with value-add potential.
Where is this apartment building located?
The property is located at 1611 Fairfax Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Strong cash flow potential due to consistent two‑bedroom layout and broad tenant appeal.; Value‑add opportunity through interior upgrades to achieve rental premiums.; Located in Greensboro with a diverse economic base and strong demand for attainable housing.
