Multifamily
Colony Pointe Apartments
1611 Fairfax Rd, Greensboro, NC 27407
Listing Price: $3,500,000
Investment Overview
Marcus & Millichap is pleased to present Colony Pointe Apartments, a 36-unit multifamily community comprised entirely of two-bedroom floor plans. Built in 1973, the property caters to Greensboro’s strong base of 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.
Colony Pointe 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 meaningful 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.
Colony Pointe Apartments
Investment Highlights
- 36-unit community comprised entirely of two-bedroom floor plans offering broad renter appeal
- Consistent unit mix supports operational efficiency and streamlined management
- Proven demand from Greensboro's workforce housing renter base
- Value-add opportunity through interior renovations and rental upside
- Strategic location within the Piedmont Triad with access to major employment corridors
- Stable in-place cash flow with potential for increased returns through a scalable upgrade program
Listing Price: $3,500,000
Investment Highlights
- 36-unit community comprised entirely of two-bedroom floor plans offering broad renter appeal
- Consistent unit mix supports operational efficiency and streamlined management
- Proven demand from Greensboro's workforce housing renter base
- Value-add opportunity through interior renovations and rental upside
- Strategic location within the Piedmont Triad with access to major employment corridors
- Stable in-place cash flow with potential for increased returns through a scalable upgrade program
Investment Overview
Marcus & Millichap is pleased to present Colony Pointe Apartments, a 36-unit multifamily community comprised entirely of two-bedroom floor plans. Built in 1973, the property caters to Greensboro’s strong base of 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. Colony Pointe 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 meaningful 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.
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