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3761 Raleigh Road, Wilson, ...

Updated Oct 28, 2024

RAS Realty Partners Acquires Multifamily Property In Wilson, NC For $54.6M
SOLDMultiFamily

RAS Realty Partners Acquires Multifamily Property In Wilson, NC For $54.6M

3761 Raleigh Road, Wilson, North Carolina 27896, United States

$54,600,000

Units

240

Asset Type

MultiFamily

Closing

Aug 21, 2022

About this deal

AI

The multifamily property located at 3761 Raleigh Rd Pkwy W in Wilson, NC has been sold for a total of $54,600,000. The transaction took place on August 22, 2022. The property consists of 240 units, resulting in a per unit price of $227,500.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $54,600,000
  • Units: 240
  • Price Per Unit: $227,500

The buyer, RAS Realty Partners represented by Thomas Gurney, acquired the property from the seller, Evolve Companies.

By successfully closing this deal, RAS Realty Partners expands its portfolio in the Wilson, NC market. The transaction not only demonstrates the sustained interest in the multifamily sector but also showcases the expertise of RAS Realty Partners and Evolve Companies in executing lucrative acquisitions.

Players

EC
Evolve CompaniesSeller

Wilson MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $227.5K per unit across 240 units on a published $54.6M (2022).

Browse North Carolina multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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