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Trails Corner

804 McMakin Street, Raleigh NC 27610

SOLD FOR $ 6,750,000

Trails Corner

804 McMakin Street, Raleigh NC 27610
7-28-20-TC-2MB-54
Asset Type
Garden Apartments
Date Sold
December 18, 2020
Price
$ 6,750,000
Per Unit
$ 119,000
Total Units
57
Year Built
1988
Market
Downtown Raleigh

Highlights

57-unit multifamily in Downtown Raleigh with long-term owner and "mom & pop" management style
Marketed as a true Mom & Pop operation with tons of upside, in order to attract opportunistic multifamily investors
Strategic national campaign landed an aggressive out-of-state buyer capable of getting the deal closed
Went from Contract-to-Close in less than 60 days
APARTMENT CORE represented the Seller

Location

Contact

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

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

Mike Siciliano

  • Co-Founder
  • Apartment Core
919-861-9730
Mike@ApartmentCore.com
Send Email
View Bio
TeamMembers-EricPagnozzi-Color-340x340

Eric Pagnozzi

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

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