Sanford Estates

502 Ryan Avenue, Sanford NC 27330

Sanford Estates

502 Ryan Avenue, Sanford NC 27330
ASSET TYPEGarden Apartments
DATE SOLDDecember 17, 2019
PRICE$ 4,500,000
PER UNIT$ 45,000
TOTAL UNITS100
YEAR BUILT1970
MARKETRaleigh-Durham

Deal Highlights

➤ Complicated ownership situation, and Seller had a land sale contract on the property

➤ We coordinated the land sale closing and the new buyer closing on the same day to satisfy all parties

➤ Sold at 85% occupancy as a value-add deal

➤ Closed at a 5.6% CAP Rate on in-place numbers and $45K/unit

➤ APARTMENT CORE represented the Seller

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.