Colony Pointe Apartments — Sale in Greensboro, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Greensboro, NC 27407

Investment Figures

Cap rate
6.37%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. 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

Market Context

This multifamily in Greensboro, NC is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Greensboro, NC — view the full market.

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