BLOG


 

Get the “411” on APARTMENT CORE news, property updates, important announcements and more by keeping up with our blog and following us on social media.
 

JUST SOLD: 16-unit Multifamily in Durham, North Carolina


JUST SOLD
WILLOW TERRACE
901 S. Duke Street
Durham, NC 27707
16 units - Built 1981 (Renovated 2014~2016)
Closed 12-11-17 for $1,675,000

DEAL HIGHLIGHTS
~  Downtown Durham asset required ultra-premium price to offset large loan prepayment penalty
~  Aggressive marketing campaign resulted in multiple offer situation
~  Went under contract in 10 days and closed 69 days from launch
~  Sold $25,000 OVER list price at a whopping $104,687 per unit
~  APARTMENT CORE represented the Seller
 
NOW IS THE TIME TO SELL
Low inventory and heavy demand, combined with our highly strategic approach, has resulted in
record-breaking prices for our North Carolina multifamily sellers.  Call us at 919-861-9730 and let’s chat!

ABOUT APARTMENT CORE
APARTMENT CORE is a commercial real estate brokerage firm licensed throughout North Carolina, specializing in multifamily dispositions and acquisitions.  With over 20 years combined multifamily brokerage experience and hundreds of millions of dollars in closed transactions, from Asheville to Wilmington, we’ve proven that our advanced strategies yield higher prices for our sellers and closed deals for our buyers.

You’ve seen all the broker email blasts, but there’s a better way to sell and buy multifamily, let us show you how.  To receive a confidential consultation, simply give us a call at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com

JUST SOLD: 88-bedroom Student Housing in Chapel Hill, North Carolina


JUST SOLD
HOWELL STREET STUDENT HOUSING
201 Howell Street
Chapel Hill, NC 27514
88 bedrooms - Built 1967 (Renovated 2008)
Closed 10-27-17 for $5,280,000

DEAL HIGHLIGHTS
~  Unique 88-bedroom student housing asset in highly desirable UNC Chapel Hill market
~  Primary challenge was to overcome a smaller 16-unit property at an extremely high price-per-unit
~  Highly targeted sales approach was implemented to attract the “right” buyers
~  Sale closed at an unprecedented $330k per unit and $60k per bedroom
~  APARTMENT CORE represented the Seller
 
NOW IS THE TIME TO SELL
Low inventory and heavy demand, combined with our highly strategic approach, has resulted in
record-breaking prices for our North Carolina multifamily sellers.  Call us at 919-861-9730 and let’s chat!

ABOUT APARTMENT CORE
APARTMENT CORE is a commercial real estate brokerage firm licensed throughout North Carolina, specializing in multifamily dispositions and acquisitions.  With over 20 years combined multifamily brokerage experience and hundreds of millions of dollars in closed transactions, from Asheville to Wilmington, we’ve proven that our advanced strategies yield higher prices for our sellers and closed deals for our buyers.

You’ve seen all the broker email blasts, but there’s a better way to sell and buy multifamily, let us show you how.  To receive a confidential consultation, simply give us a call at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com

JUST SOLD: 104-unit Multifamily in Goldsboro, North Carolina


JUST SOLD
BOXWOOD VILLAS
517 Boxwood Lane
Goldsboro, NC 27534
104 units - Built 1973
Closed 10-2-17 for $4,700,000

DEAL HIGHLIGHTS
~  Solid value-add asset in tertiary military market
~  Heavy loan prepayment penalty created unique sales challenge
~  Strategic campaign maintained negotiating leverage for Seller
~  Closed at 99% of list price at timing favorable to the Seller
~  APARTMENT CORE represented the Seller
 
NOW IS THE TIME TO SELL
Your property is probably worth more now than it’s ever been in the past, please call us at 919-861-9730 to find out how your property stacks up in today’s SELLER’S MARKET.

ABOUT APARTMENT CORE
APARTMENT CORE is a commercial real estate brokerage firm licensed throughout North Carolina, specializing in multifamily dispositions and acquisitions.  With over 20 years combined multifamily brokerage experience and hundreds of millions of dollars in closed transactions, from Asheville to Wilmington, we’ve proven that our advanced strategies yield higher prices for our sellers and closed deals for our buyers.

You’ve seen all the broker email blasts, but there’s a better way to sell and buy multifamily, let us show you how.  To receive a confidential consultation, simply give us a call at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com

JUST SOLD: 15-unit Multifamily in Southern Pines, North Carolina


JUST SOLD
LONGVIEW APARTMENTS
235 Murray Hill Road
Southern Pines, NC 28387
15 units - Built 1984
Closed 8-31-17 for $620,000

DEAL HIGHLIGHTS
~ Smaller stable asset was in need of general TLC and updating
~ Positioned as a solid value-add to appropriate targeted buyers
~ Went under contract 9 days from listing date
~ Closed in less than 80 days from listing date
~ APARTMENT CORE represented the Seller
 
NOW IS THE TIME TO SELL
Low inventory and heavy demand, combined with our highly strategic approach, has resulted in
record-breaking prices for our North Carolina multifamily sellers.  Call us at 919-861-9730 and let’s chat!

ABOUT APARTMENT CORE
APARTMENT CORE is a commercial real estate brokerage firm licensed throughout North Carolina, specializing in multifamily dispositions and acquisitions.  With over 20 years combined multifamily brokerage experience and hundreds of millions of dollars in closed transactions, from Asheville to Wilmington, we’ve proven that our advanced strategies yield higher prices for our sellers and closed deals for our buyers.

You’ve seen all the broker email blasts, but there’s a better way to sell and buy multifamily, let us show you how.  To receive a confidential consultation, simply give us a call at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com

JUST SOLD: 59-unit Multifamily in Goldsboro, North Carolina


JUST SOLD
THE HAMPTONS
13 S. Harding Drive
Goldsboro, NC 27534
59 units
Closed 6-8-17 for $5,300,000

DEAL HIGHLIGHTS
~ APARTMENT CORE competed with national brokerage firms to secure exclusive listing rights
~ A stealth and highly confidential marketing strategy was implemented
~ Strategy resulted in immediate bidding war between competing buyers
~ Transaction closed at 129% of asking price and $600k over lender appraised value
~ Went from listing to close in only 65 days
~ APARTMENT CORE represented the Sellers

ABOUT APARTMENT CORE
APARTMENT CORE is a commercial real estate brokerage firm licensed throughout North Carolina, specializing in multifamily dispositions and acquisitions. With over 20 years combined multifamily brokerage experience and hundreds of millions of dollars in closed transactions, from Asheville to Wilmington, we’ve proven that our advanced strategies yield higher prices for our sellers and closed deals for our buyers.

Our advanced strategies are a blend of old school deal making with the modern technology that many of today’s investors demand. You’ve seen all the broker email blasts, but there's a better way to sell and buy multifamily, let us show you how. To receive a confidential consultation, simply give us a call at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com
 

JUST SOLD: 24-unit Multifamily in Durham, North Carolina


JUST SOLD
BIRCHWOOD APARTMENTS
2916 Chapel Hill Road
Durham, NC 27707
24 units
Closed 4-28-17 for $1,675,000


DEAL HIGHLIGHTS
~ Targeted disposition strategy brought multiple qualified buyers
~ Went under contract in 3 weeks, closed in 65 days
~ Sold at full asking price ($1,675,000)
~ 1990 built, all 1-Bedroom units, sold for $70k per unit
~ APARTMENT CORE represented the Sellers

ABOUT APARTMENT CORE
APARTMENT CORE is a commercial real estate brokerage firm licensed throughout North Carolina, specializing in multifamily dispositions and acquisitions. With over 20 years combined multifamily brokerage experience and hundreds of millions of dollars in closed transactions, from Asheville to Wilmington, we’ve proven that our advanced strategies yield higher prices for our sellers and closed deals for our buyers.

Our advanced strategies are a blend of old school deal making with the modern technology that many of today’s investors demand. You’ve seen all the broker email blasts. There is a better way to sell and buy multifamily, let us show you how. To receive a confidential consultation, simply give us a call at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com

 

JUST SOLD: 97-unit Multifamily in Raleigh, North Carolina


JUST SOLD
Pullen Park Lofts, a 97-unit multifamily in Raleigh, North Carolina

DEAL HIGHLIGHTS

  • Sold at full asking price per unit
  • Sold for a whopping $283 per square foot
  • Highest price per square foot since Sky House (downtown Raleigh) in January 2016
  • Successfully coordinated and closed 97 condo units with 18 separate ownerships
  • Closed 3-8-17 for $5,044,000 ($52,000 per unit)
  • APARTMENT CORE represented the Sellers

ABOUT US
APARTMENT CORE is a full service commercial real estate brokerage firm licensed throughout the state of North Carolina.  With nearly 20 years combined multifamily sales experience, our veteran staff has the experience and knowledge to get you to the finish line.  Our highly focused combination of experience and advanced strategies makes APARTMENT CORE the right choice if you're looking to sell or buy multifamily in North Carolina.  To receive a personal, confidential consultation, simply call us at 919-861-9730 or visit ApartmentCore.com to learn more.

APARTMENT CORE
919-861-9730
ApartmentCore.com
 

JUST SOLD: 15-unit Multifamily in Raleigh, North Carolina


JUST SOLD
Donovan Place in Raleigh, North Carolina

Great value-add opportunity for 15-unit Multifamily by Downtown Raleigh, North Carolina

  • PROPERTY NAME:  Donovan Place
  • LOCATION:  Raleigh, NC
  • TOTAL UNITS:  15
  • DATE SOLD:  1-26-17
  • SALE PRICE:  $ 835,000
  • PRICE PER UNIT:  $ 55,667
  • REPRESENTATION:  APARTMENT CORE represented the Seller

For more details, please visit our LISTINGS page or contact APARTMENT CORE at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com

About Us
APARTMENT CORE is a highly focused multifamily brokerage firm with an extensive background representing clients in the sale and purchase of multifamily property.  Visit ApartmentCore.com to learn more.

JUST SOLD: 105-unit Multifamily in Sanford, North Carolina


JUST SOLD
Woodbridge Apartments in Sanford, North Carolina

105-unit multifamily asset exiting USDA Rural Development Multifamily Loan Program

  • PROPERTY NAME:  Woodbridge Apartments
  • LOCATION:  Sanford, NC
  • TOTAL UNITS:  105
  • DATE SOLD:  12-30-16
  • SALE PRICE:  Please inquire for details
  • PRICE PER UNIT:  Please inquire for details
  • REPRESENTATION:  APARTMENT CORE represented the Seller

For more details, please visit our LISTINGS page or contact APARTMENT CORE at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com

About Us
APARTMENT CORE is a highly focused multifamily brokerage firm with an extensive background representing clients in the sale and purchase of multifamily property.  Visit ApartmentCore.com to learn more.

JUST SOLD: 100-unit Multifamily in Goldsboro, North Carolina


JUST SOLD
Oak Brook Apartments in Goldsboro, North Carolina

Strong financials and high occupancy for 100-unit Multifamily in prime location of Goldsboro, North Carolina

  • PROPERTY NAME:  Oak Brook
  • LOCATION:  Goldsboro, NC
  • TOTAL UNITS:  100
  • DATE SOLD:  1-5-17
  • SALE PRICE:  $ 6,000,000
  • PRICE PER UNIT:  $ 60,000
  • REPRESENTATION:  APARTMENT CORE represented the Seller

For more details, please visit our LISTINGS page or contact APARTMENT CORE at 919-861-9730.

APARTMENT CORE
919-861-9730
ApartmentCore.com

About Us
APARTMENT CORE is a highly focused multifamily brokerage firm with an extensive background representing clients in the sale and purchase of multifamily property.  Visit ApartmentCore.com to learn more.