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Sanford Estates

502 Ryan Avenue, Sanford NC 27330

$ 4,500,000

Sanford Estates

502 Ryan Avenue, Sanford NC 27330
SanfordEstates01
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

Deal 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

  • Co-Founder
  • Apartment Core
919-861-9730 x1
Wayne@ApartmentCore.com
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TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

  • Co-Founder
  • Apartment Core
919-861-9730 x2
Mike@ApartmentCore.com
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TeamMembers-EricPagnozzi-Color-340x340

Eric Pagnozzi

  • Investment Broker
  • N Carolina
919-861-9730 x3
Eric@ApartmentCore.com
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