Tom Hahn Of Prudent Growth Partners Acquires 72-Unit Coastal Townhomes In Havelock For $5.8M

Coastal Townhomes, located at 1 Townhouse Drive in Havelock, NC, is a 72-unit multifamily community that was recently sold for $5.8 million. The property, which is 97% occupied, features mostly renovated units and is poised to take advantage of the local military presence and the planned expansion of I-42 highway.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,800,000
• Units: 72
• Price Per Unit: $80,556
• Buyer: Tom Hahn - Prudent Growth Partners

Prudent Growth Partners has made this acquisition with strategic considerations, leveraging the property's occupancy rate and future developments in the area to enhance its investment portfolio. The company's focus on multifamily assets aligns with the anticipated growth driven by regional developments.