Brazos Residential, LLC Acquires Multifamily Property On Vineyard Dr In Wilson, NC For $41M
SOLD
$41,000,000
North Carolina
See Similar DealsMultiFamily
Sold 09/02/2022
SOLD
Brazos Residential, LLC Acquires Multifamily Property On Vineyard Dr In Wilson, NC For $41M
1706 Vineyard Drive North, Wilson, North Carolina 27893, United States
See Similar DealsMultiFamily
Sold 09/02/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1706 Vineyard Dr in Wilson, NC has been sold in a recent transaction. Spanning over 31 acres, this property attracted the attention of buyers in the market.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $41,000,000
- Date: 09/02/2022
- Buyer: Brazos Residential, LLC - James Roberts & William Hancock
- Market: Wilson, NC
The acquisition was made by Brazos Residential, LLC, represented by James Roberts & William Hancock. Their expertise and knowledge in the real estate industry played a significant role in securing this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,186,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$145,664.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$194,360.92
Annual Debt Service$2,332,331.01
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