Quailwood Apartments
1601 Cuyler Best Road, Goldsboro NC 27534
| ASSET TYPE | Garden Apartments |
|---|---|
| SOLD | May 31, 2017 |
| PRICE | $ 3,550,000 |
| PRICE 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
Contact Info
Wayne Braren
919.861.9730 x1
Wayne@ApartmentCore.com