Updated Oct 28, 2024
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
Wilson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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