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
Wayne Braren
919.861.9730 x1
Wayne@ApartmentCore.com
Thinking about selling?
APARTMENT CORE is a multifamily brokerage firm dedicated to helping you capitalize on your multifamily sale so you can grow your wealth. If you own an apartment property anywhere in North Carolina and would like to learn how to get the highest price in today’s aggressive market, give us a call at 919-861-9730.