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The Bedrin Organization Acquires Terrace Oaks Apartment Complex In Greensboro For $16.3M
SOLD
$16,300,000
North Carolina
See Similar DealsMultiFamily
Sold 02/23/2026
SOLD
The Bedrin Organization Acquires Terrace Oaks Apartment Complex In Greensboro For $16.3M
3803 Cotswold Avenue
See Similar DealsMultiFamily
Sold 02/23/2026
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
The 120-unit Terrace Oaks apartment complex, located at 3803 Cotswold Avenue in Greensboro, NC, was sold for $16.3 million. The price per unit is recorded at $135,833.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,300,000
- Buyer: The Bedrin Organization
- Seller: Featherstone Partners
- Units: 120
The transaction involved The Bedrin Organization acquiring the property from Featherstone Partners and M Group LLC, which strengthens their presence in the multifamily sector within the Triad.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$869,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,910.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,270.32
Annual Debt Service$927,243.79
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