Edgewater Village

​​​​​​​​​​​​​​483 Units With Proven $332/Unit Value-Add Upside In High Growth Greensboro, NC

Colliers is pleased to present Edgewater Village, a 483-unit garden-style community with incredible value-add upside located near large employers in fast-growing Greensboro, NC. Uniquely situated around 5 internal lakes on an expansive 45 acres, new ownership can leverage the property’s value-add scale and comprehensive amenity package to transform the property to cater to a higher-income demographic. 45 units (9%) are in near original condition. 25 Gold units (5%) and 401 Platinum units (83%) have been renovated with strategic upgrades. 12 Diamond units (3%) have been premium upgrades that achieve average rents $332/unit above unrenovated units. New ownership can either continue the successful renovation program or elevate all 483 units to a unified premium scope that includes subway tile backsplash, a tech package, and granite countertops which unlocks the property’s full potential.

One of the largest communities in Greensboro, Edgewater Village, is positioned minutes from the new JetZero Z4 factory, the largest economic event in Greensboro history. Expected to bring 14,500 new jobs with an average salary of $90,000, the new JetZero factory is a game changer for Edgewater Village. The Property offers new ownership the ability to leverage limited new supply in Greensboro and an influx of 14,500 new jobs from JetZero, in addition to the existing 8,600 jobs at Piedmont Triad International Airport, to push top-line revenue while capturing proven value-add premiums. 

90%+ Leased