Riverwatch Apartments

215 Red Cross Street, Wilmington NC 28401

Riverwatch Apartments

215 Red Cross Street, Wilmington NC 28401
ASSET TYPEGarden Apartments
DATE SOLDFebruary 21, 2020
PRICE$ 1,380,000
PER UNIT$ 107,000
TOTAL UNITS13
YEAR BUILTBuilt 1995 / Renovated 2019
MARKETDowntown Wilmington (CBD)

Deal Highlights

➤ Due to Hurricane Florence in 2018, property was vacated, renovated and leased up prior to sale

➤ We positioned it as a turnkey opportunity and launched to the open market on December 5, 2019

➤ We generated multiple offers and went under contract on December 22, 2019

➤ Sale closed in less than 60 days for $107k per unit

➤ APARTMENT CORE represented the Seller

Location

Contact

Mike Siciliano

919.861.9730 x2
Mike@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.