Margate on Cone

Posted: 8/16/2017
233 Units
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About

About Margate on Cone

Offers due:  Tuesday, February 13, 2018

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 233-unit, 1970-built Margate on Cone apartments located in Greensboro, NC. The property offers an outstanding opportunity to invest in a solid performing asset within the economic powerhouse of the Piedmont Triad MSA. The immediate area surrounding Margate on Cone is experiencing a significant amount of spillover from the city’s most affluent neighborhoods, creating a path of growth and development that will help facilitate value enhancement at the property. With all but twelve (12) units on the property remaining untouched and rents currently trailing the submarket average by more than $100 new ownership will have the opportunity to capitalize on a two-prong, market supported value-add program through implementing an interior upgrade initiative and submetering water/sewer expenses.

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