Woodbridge Apartments

5200 Arrowwood Circle, Sanford NC 27332

Woodbridge Apartments

5200 Arrowwood Circle, Sanford NC 27332
ASSET TYPEAffordable Housing
SOLDDecember 30, 2016
PRICE$ 2,700,000
PRICE 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

Contact Info

Wayne Braren

919.861.9730 x1
Wayne@ApartmentCore.com