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.
Sold for $820,000
$820,000
3424 Summit Ave, Greensboro, NC 27405
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1962
-- sqft lot
$374,000 Zestimate®
$--/sqft
$1,200 Estimated rent
Home value
$374,000
$303,000 - $475,000
$1,200/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Benjamin Jordan 336-271-3020,
PALMETTO EQUITY GROUP
Bought with:
Mustafa Shabazz, 129602
Fathom Realty
Source: Triad MLS,MLS#: 1114393
Originating MLS: Greensboro
Originating MLS: GreensboroFacts & features
Interior
Heating
- See Remarks, Electric
Cooling
- Wall Unit(s), Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Flooring: Vinyl, Wood
- Has basement: No
- Has fireplace: No
Property
Parking
- Parking features: Gravel
Features
- Pool features: None
Lot
- Dimensions: 107 x 422 x 100 x 422
- Features: Cleared, Level, Flat
Details
- Parcel number: 46713
- Zoning: RM12
- Special conditions: Owner Sale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Brick
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Greensboro
Financial & listing details
- Date on market: 8/2/2023
- Cumulative days on market: 18 days
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 10/19/2023 | Sold | $820,000-15.9% |
Source:  Triad MLS #1114393 Report a problem | ||
| 8/21/2023 | Pending sale | $975,000 |
Source: Triad MLS #1114393 Report a problem | ||
| 8/2/2023 | Listed for sale | $975,000 |
Source: Triad MLS #1114393 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 27405
Nearby homes
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- $121,2002 bd1 ba720 sqft3424 E Summit Ave, Greensboro, NC 27405Off Market
- $--2 bd1 ba-- sqft3424 Summit Ave APT 2, Greensboro, NC 27405Off Market
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- $100,0002 bd1 ba712 sqft3427 Wichita Pl, Greensboro, NC 27405Sold
Nearby schools
GreatSchools rating
- 4/10Rankin Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Eastern Middle SchoolGrades: 6-8Distance: 8.4 mi
- 2/10Eastern Guilford High SchoolGrades: 9-12Distance: 8.4 mi
Schools provided by the listing agent
- Elementary: Rankin
- Middle: Eastern Guilford
- High: Eastern Guilford
Source: Triad MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$374,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$374,000
- North Carolina
- Guilford County
- Greensboro
- 27405
- 3424 Summit Ave
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