Quailwood Apartments

1601 Cuyler Best Road, Goldsboro NC 27534

$ 3,550,000

Quailwood Apartments

1601 Cuyler Best Road, Goldsboro NC 27534
Asset Type
Garden Apartments
Date Sold
May 31, 2017
Price
$ 3,550,000
Per Unit
$ 50,000
Total Units
72
Year Built
1974 ~ 1994
Market
Eastern North Carolina

Deal Highlights

Quailwood was on the market for an extended period of time with a few local brokerage firms
Listing went stagnant while being marketed for $3,850,000 at a 6.3% CAP Rate
APARTMENT CORE had just closed Oak Brook in Goldsboro for $60k/unit with growth-mode buyer
We leveraged the Oak Brook sale by presenting Quailwood as a buyside opportunity to the same buyer
We represented the Buyer and negotiated a sale price of $3,550,000 with an additional $50k repair credit

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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