Quailwood Apartments

1601 Cuyler Best Road, Goldsboro NC 27534

Quailwood Apartments

1601 Cuyler Best Road, Goldsboro NC 27534
ASSET TYPEGarden Apartments
SOLDMay 31, 2017
PRICE$ 3,550,000
PRICE PER UNIT$ 50,000
TOTAL UNITS72
YEAR BUILT1974 ~ 1994
MARKETEastern 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 

Contact Info

Wayne Braren

919.861.9730 x1
Wayne@ApartmentCore.com