What is the asking price for Cardinal Apartments?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of Cardinal Apartments?

The property has a total square footage of 913 SF.

When was this property built?

Cardinal Apartments was built in 1993.

How many parking spaces are available at Cardinal Apartments?

Parking information for the property isn't currently listed. However, other nearby parking options include Rental Car Parking, located 1.31 miles away , and Overflow Lot, which is 1.39 miles away.

Cardinal Apartments, Greensboro, NC 27410

For Sale Contact for pricing
Property Type Other
Lot Size 17.46 SF
Year Built 1993
Date Updated May 19, 2026

Description

PROVEN VALUE-ADD UPSIDE IN FAST-GROWING GREENSBORO, NC | LOCATED MINUTES FROM THE NEW JETZERO FACILITY

Colliers is pleased to present Cardinal Apartments (“Cardinal”), a 256-unit garden-style community with proven value-add upside located in an affluent submarket of fast-growing Greensboro, NC. Built in 1993, the property has a proven track record of strong demand and stable occupancy, averaging 95% over the last 6 months. In excellent physical condition and recently infused with nearly $3 million into CapEx upgrades, new ownership can leverage outstanding organic rent growth over the last 6.5 months (7.3% on new leases and 5.4% on renewals), minimal new supply, and immediate proximity to the new JetZero Z4 factory (14,560 jobs) to push-top revenue while capturing proven value-add premiums.

88 units (34%) are in classic, unrenovated condition featuring oak cabinets, laminate countertops, hardwood-style floors, and black or white appliances. 81 partially renovated units (32%) have moderate upgrades such as painted cabinets and stainless steel appliances. 87 premium units (34%) have been renovated with first-class finishes including quartz countertops, subway tile backsplash, stainless steel appliances, and modern cabinets to achieve average rents $126/unit greater than classic units. Renovating all 88 classic units and 81 partially renovated units to the highest scope unlocks over $250,000 in untapped annual revenue.

The new $4.7 billion JetZero Z4 factory, the largest economic event in Greensboro history and expected to bring 14,560 new jobs with an average salary of $90,000, is a game changer for Cardinal. The influx of high paying jobs, strong market fundamentals in Greensboro, and a clear path to add value through unit interior renovations makes Cardinal the perfect value-add opportunity.

95% Occupancy