3424 Summit Avenue
Greensboro, NC 27405

  • – beds
  • – baths
  • 1962 build
  • on site

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3424 Summit Avenue and 3429 Wichita Place. 10 units total, only one unit currently vacant 2 bedroom, 1 bath, living room, and kitchen. Wood floors. All brick ext, recent vinyl replacement windows. Metal roofs. Four buildings. Large lot. Strong rent roll with units renting between $725-$825 and existing gross rent over $81k per year. Room for upside by raising existing lower rents to market. Property extends from Summit Avenue across to Wichita Place. Tenants pay their own utilities. Over half the units are occupied by long term tenants. Do not approach tenants. Sold as is.

Triad Multiple Listing Service, Inc. logo Listing courtesy of TRIAD / PALMETTO EQUITY GROUP

Last checked: Checking… • Last updated Apr 11, 2024 •

MLS# 1114393 —

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Sale history

Date Event Source Price % Change
10/19/23
Sold TRIAD $820,000 -15.9%
8/21/23
Pending TRIAD $975,000
8/2/23
Listed / Active TRIAD $975,000

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Multifamily Sold on 10/19/2023

$820,000

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Listing provided by broker:

Benjamin Jordan

PALMETTO EQUITY GROUP

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Triad Multiple Listing Service, Inc. logo Listing Courtesy of: TRIAD and PALMETTO EQUITY GROUP.

Triad Multiple Listing Service, Inc. logo Sold data is for informational purposes only and is not an indication of a market analysis or an appraisal. TRIAD MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.

Copyright © 2024 Estately, Inc. Data displayed here has not been verified by Estately.