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🔥 704 Glendale Dr Unit C, Greensboro, NC 27406. Condo, 2 bed / 2 bath, 947 sq ft in Kensington Park. Sold comps averaging ~$112K — priced at $73K. That’s ~$39K below market, unrenovated. 🤝
Why Greensboro? Greensboro is the third-largest city in North Carolina and sits at the crossroads of I-40 and I-85, making it a logistics and healthcare hub with over 100,000 jobs in the metro area. UNCG, NC A&T, and Guilford College keep rental demand steady year-round, and property taxes remain some of the lowest among major NC metros. For investors, that combination of population stability, institutional demand, and low cost basis is hard to beat.
💰 Asking: $73,000 | Comp Average: ~$112,000 | 🔥 Spread: ~$39,000
| Type | Condominium |
| Bedrooms / Baths | 2 bed / 2 bath |
| Living Area | 947 sq ft |
| Year Built | 1989 |
| HOA Fee | $212/month |
| Utilities | City Water & City Sewer |
| Occupancy at Closing | ✅ Will be vacant at closing |
| Closing Date | May 26, 2026 |
| Closing Attorney | Atlas Orange |
⚠️ HVAC would need to be replaced (heating and cooling). Factor this into your rehab budget.
| Address | Sq Ft | Sale Price | Price/Sq Ft | Notes |
|---|---|---|---|---|
| 706 Glendale Dr #B | 958 | $120,000 | $125/sq ft | Sold |
| 702 Glendale Dr #K | 988 | $109,000 | $110/sq ft | Sold Jul 2025 |
| 702K Glendale Dr | 933 | $109,000 | $117/sq ft | Sold |
| 704 Glendale Dr #E | 878 | $108,000 | $123/sq ft | Sold |
| Comp Average (sold) | ~939 | ~$112,000 | ~$119/sq ft | |
| 🏷️ Our Price | 947 | $73,000 | $77/sq ft | |
| 💸 Your Spread | ~$39,000 |
💡 At $77/sq ft you’re buying into a complex where sold comps are closing at $110–$125/sq ft. Your subject at 947 sq ft is also larger than every comp on this list — more space at the lowest price point in the complex. Factor in HVAC replacement and you’re still looking at a strong margin whether you flip or hold. Investors looking for a low-maintenance rental should note the gross yield potential: units in this complex rent around $1,000–$1,100/month, putting you north of 15% gross on your all-in basis.
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- $495 transaction fee payable to Bright Home Offer LLC
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.