Exceptional opportunity to acquire a 12-unit townhome portfolio in Greensboro consisting of two separate six-unit buildings! The community features spacious floor plans, long-term residents, and rents that are significantly below current market levels, creating substantial value-add potential for the next owner. Two of the 12 units have already been renovated, providing a strong starting point and an opportunity to continue improving the remaining units over time. Major exterior improvements have already been completed, including new roofs, complete exterior painting, siding and fascia repairs, replacement of damaged wood, updated gutters, exterior LED lighting, pressure washing, landscaping, tree trimming, and a resealed and restriped parking area. An HOA has been established to support the long-term maintenance of the community, and utilities are separately metered and paid directly by residents. The units are individually platted, providing future flexibility to operate the property as a rental portfolio or renovate and sell units individually. The seller will consider offers for the entire 12-unit portfolio or for either six-unit building separately. Two duplexes within the same area are also available for purchase, creating an opportunity to acquire additional units. With significant exterior capital improvements completed and multiple paths to create value, this is a rare opportunity to acquire a sizable multifamily investment at an affordable basis near Lake Oconee. Tours and additional property details are available upon request.
Listing courtesy of Cornerstone Real Estate Partners, LLC.
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