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Capstone Apartment Partners is pleased to present 2200 Midtown: a 66-unit, 1965 vintage apartment community in Greensboro, North Carolina. The asset benefits from a proven value-add program, providing an excellent foundation for new ownership to finish the value-add program and achieve significant rent premiums. The property is conveniently located just outside the heart of downtown Greensboro, offering residents convenient access to multiple economic demand drivers, Class A retail, and an abundance of employment opportunities. Additionally, Greensboro has seen an impressive year-over-year rent growth of 15%+, as well as positive multi-family fundamentals, positioning the property for excellent growth for years to come. With the opportunity for significant premiums through the continuation of the value-add program, positive multi-family fundamentals, and an excellent location in Greensboro, 2200 Midtown offers investors a premier investment opportunity in the Greensboro market.
Investment Highlights:
Completing the Proven Value-Add Program
Other Income Potential to Boost NOI
Strong Market Fundamentals for Multi-Family Housing
Proximity to Class A Retail