Hillsborough West Village

115 Holiday Park Road, Hillsborough NC 27278

$ 1,600,000

Hillsborough West Village

115 Holiday Park Road, Hillsborough NC 27278
Asset Type
Garden Apartments
Date Sold
October 14, 2016
Price
$ 1,600,000
Per Unit
$ 46,000
Total Units
35
Year Built
1994
Market
Raleigh-Durham

Deal Highlights

Seller was transitioning from Affordable Housing to Market Rate
Property still needed completion of renovations and stabilization of occupancy, rents and operations
We presented offering as a reposition opportunity while still in transition
Sold 'as is' for over $46k per unit
Closed at a sub-7% CAP Rate based on actual financials

Location

Contact

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

919-861-9730 x1
Wayne@ApartmentCore.com
TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

919-861-9730 x2
Mike@ApartmentCore.com

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