Sandee Road Ventures & J&S Realty Purchase 62-Unit Multifamily In Charlotte For $10M

The Cambridge Park Townhomes, a 62-unit rental property located at 2527 Drive Carver Road in Charlotte, N.C., was recently sold for $10 million. The sale equated to approximately $161,290 per unit, making it an attractive investment opportunity in the Charlotte market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Units: 62
• Price per Unit: $161,290
• Buyer: Harry Blondell - Sandee Road Ventures & J&S Realty

Harry Blondell, representing Sandee Road Ventures and J&S Realty, played a key role in the acquisition of the Cambridge Park Townhomes. This strategic purchase adds to the portfolio of both Sandee Road Ventures and J&S Realty, showcasing their continued interest in the multifamily real estate sector.