Sanford Estates

502 Ryan Avenue, Sanford NC 27330

$ 4,500,000

Sanford Estates

502 Ryan Avenue, Sanford NC 27330
Asset Type
Garden Apartments
Date Sold
December 17, 2019
Price
$ 4,500,000
Per Unit
$ 45,000
Total Units
100
Year Built
1970
Market
Raleigh-Durham

Highlights

Complicated ownership situation, and Seller had a land sale contract on the property
We coordinated the land sale closing and the new buyer closing on the same day to satisfy all parties
Sold at 85% occupancy as a value-add deal
Closed at a 5.6% CAP Rate on in-place numbers and $45K/unit
APARTMENT CORE represented the Seller

Location

Contact

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

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

Mike Siciliano

919-861-9730
Mike@ApartmentCore.com
TeamMembers-EricPagnozzi-Color-340x340

Eric Pagnozzi

919-861-9730
Eric@ApartmentCore.com

Get a Free Pricing Opinion

Find out what your multifamily property is worth in today's market!

Login

Need a Login? Click Here   |   Forgot Password? Click Here

Free Pricing Opinion

Find out what your multifamily property is worth in today’s market.