Map of Property

Crowne Gardens

Crowne Gardens, Greensboro, NC 27410

  • For Sale Contact for pricing
  • Property Type Other
  • Property Size 1,096 SF
  • Lot Size 28.02 SF
  • Year Built 1998
  • Date Updated Feb 12, 2025

A PERFECT VALUE-ADD ASSET IN AN AFFLUENT SUBMARKET OF GREENSBORO

Colliers is pleased to present Crowne Gardens, a 344-unit garden style community with immediate value-add upside located near large employers in an affluent submarket of Greensboro, NC. Originally developed by Crowne Partners in 1998 to condo-quality standards including 9’ ceilings, the property has a proven track record of strong demand and stable occupancy, averaging over 95% over the last 12 months. In excellent physical condition, new ownership can leverage strong demand (69% renewal rate in the last 10 months) and outstanding market rent growth (41% Class B effective rent growth in Greensboro in the last 5 years) while capturing proven value-add premiums.

120 units (35%) are in unrenovated condition featuring original cabinets, laminate countertops, and white or black appliances. 159 units have various moderate upgrades including cherry, mocha, or white cabinets, hardwood-style floors, and black appliances. Current ownership recently renovated 65 units with premium finishes such as modern gray cabinets, higher-end countertops, and stainless steel appliances to generate incredible $305/unit renovation premiums. Cured of deferred maintenance and offering a comprehensive amenity package, new ownership can concentrate investment capital into revenue-generating improvements. Positioned in an affluent pocket of Greensboro, Crowne Gardens represents a perfect value-add opportunity.

94% Occupied

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Will Mathews
broker
Thomas Leachman

Location

Getting Around

  • Walk Score ®

    20/100 Car-Dependent

  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Greensboro, NC
  • Neighborhood Friendly Lakes
  • Zip Code 27410
  • Market Winston Salem Greensboro

Points of Interest

  • Greensboro

    6.17 miles

  • Shell

    0.17 miles

  • Sheetz

    0.61 miles

  • BP

    1.60 miles

  • Speedway

    1.62 miles

  • Citgo

    1.64 miles

  • Circle K

    2.01 miles

  • Exxon

    2.09 miles

  • Harris Teeter Fuel

    2.46 miles

  • ChargePoint

    3.62 miles

  • Tesla Supercharger

    3.93 miles

  • Overflow Lot

    2.46 miles

  • Rental Car Parking

    2.54 miles

  • Parking - Tanger Family Bicentennial Garden

    2.63 miles

  • Employee Parking

    2.70 miles

  • Rental Returns Parking

    2.89 miles

  • Long Term Parking

    2.99 miles

  • Long Term Garage Parking

    3.12 miles

  • Greensboro-High Point Marriott Airport

    3.29 miles

  • Wyndham Garden Greensboro

    3.64 miles

  • Fairfield Inn

    3.67 miles

  • O'Henry Hotel

    3.68 miles

  • Microtel

    3.72 miles

  • Hilton Garden Inn Greensboro

    3.77 miles

  • Extended Stay America

    3.79 miles

  • Holiday Inn Express Greensboro-(I-40 @ Wendover)

    3.79 miles

  • Proximity Hotel

    3.85 miles

  • Hotel Denim

    3.92 miles

  • Fuji Asian Food Express

    0.09 miles

  • Mario's Pizza

    0.09 miles

  • Subway

    0.12 miles

  • East Coast Wings & Grill

    0.14 miles

  • Red Robin

    0.17 miles

  • McDonald's

    0.19 miles

  • Firehouse Subs

    0.24 miles

  • Chili's

    0.26 miles

  • Jet's Pizza

    0.28 miles

  • McAlister's Deli

    0.28 miles

  • American Hebrew Academy

    0.64 miles

  • New Garden Friends School

    1.03 miles

  • Claxton Elementary School

    1.23 miles

  • Guilford College

    1.23 miles

  • The Early College at Guilford

    1.23 miles

  • Greensboro Montessori School

    1.35 miles

  • Kernodle Middle School

    1.42 miles

  • Guilford Middle School

    2.21 miles

  • Noble Academy

    2.42 miles

  • Western Guilford High School

    2.50 miles

  • Fellowship School

    1.70 miles

  • Hester's

    3.11 miles

  • Ivybrook Academy

    3.99 miles

  • North Drive Child Care Center

    5.20 miles

  • Sunshine House

    5.61 miles

  • Early Childhood Center

    5.71 miles

  • Kids Academy Child Care Center

    6.91 miles

  • KinderCare

    7.43 miles

  • Appleville

    8.01 miles

Frequently Asked Questions

How much does Crowne Gardens cost?

The sale price for Crowne Gardens is available upon request. Contact the listing broker for more information.

What is the total square footage of Crowne Gardens?

Crowne Gardens totals 1,096 square feet.

When was this property built?

Crowne Gardens was built in 1998.

Looking for more in-depth information on this property?

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Contact Crowne Gardens
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