Updated Dec 20, 2023
Christopher Stout & Alex Roth Acquire Treetop Apartments In Fayetteville For $9.2M
910 Greenleaf Drive
$9,200,000
$97/SF
Building Size
94,250 SF
Asset Type
MultiFamily
Closing
Mar 2, 2023
About this deal
AI
Treetop Apartments located at 910 Greenleaf Drive in Fayetteville, NC has been sold in a recent transaction. The multifamily property consists of 146 units with an average price per unit of $63,014. The total square footage of the property is 94,250 square feet, resulting in a price per square foot of $98. The sale price for Treetop Apartments was $9,200,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Units: 146
- Price per Unit: $63,014
- Square Footage: 94,250
- Price per Square Foot: $98
- Address: 910 Greenleaf Drive - Treetop Apartments, Fayetteville, NC
Christopher Stout and Alex Roth were the buyers of the property, while the seller was the Floyd Family.
Players
Market 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93