(Off Market) Pomona Heights Apts

Multi-Family | For Sale | 29,000 sqft

UNDER TAX VALUE. Pomona Heights and Rucker St Apartments are centrally located near Wendover Avenue and Spring Garden Street in Greensboro, NC. They are in close proximity to shopping, places of work, and other points of interest. Total of 42 units in 3 buildings on 3 acres of land. 6 two bedroom, 18 one bedroom, and 18 one bedroom loft apartments. Pomona Heights Apartments are located at 4005 McIntosh St and the Rucker St Apartments are at 1006-1008 Rucker St. There is also included in the sale an undeveloped .43 acre lot. New metal roof and windows among other upgrades. Units were built in 1990 and 1999. Tax value is over $1.6M. Tenants pay utilities except for water. Due to mismanagement the building is recovering from low occupancy but is now under new management with decreasing vacancy. Occupancy is now up to 80%. Apartments lease for $450 to $525/mo. Taxes and insurance run about $27,000 for the year.

Property is located near intersection of Spring Garden St and West Wendover in the Hewitt Area of Greensboro, NC.

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