Woodbridge Apartments

5200 Arrowwood Circle, Sanford NC 27332

Woodbridge Apartments

5200 Arrowwood Circle, Sanford NC 27332
ASSET TYPEAffordable Housing
DATE SOLDDecember 30, 2016
PRICE$ 2,700,000
PER UNIT$ 26,000
TOTAL UNITS105
YEAR BUILT1985
MARKETGreater Raleigh-Durham

Deal Highlights

➤ Property was encumbered by USDA Rural Development Multifamily Loan

➤ Ownership was frustrated by cumbersome regulations

➤ Property suffered from extremely low rents and tons of deferred maintenance

➤ Strategic and targeted campaign landed a patient, high-equity, value add buyer from Northeastern U.S.

➤ We represented Seller and worked one year with seller, buyer and USDA to exit the RD program and close the deal

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.