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2843 & 2855 Horse Pen Creek...

Updated Oct 29, 2024

Horse Pen Creek Rd LLC Acquires 30-Acre Tracts In Greensboro, NC For $3.05M
SOLDSingle Family

Horse Pen Creek Rd LLC Acquires 30-Acre Tracts In Greensboro, NC For $3.05M

2843 & 2855 Horse Pen Creek Greensboro, North Carolina 27410, USA

$3,050,000

Building Size

Asset Type

Single Family

Closing

Aug 10, 2023

About this deal

AI

Horse Pen Creek Rd LLC, based in Cary, has acquired two tracts totaling over 30 acres at 2843 and 2855 Horse Pen Creek in Greensboro, NC. The property was sold by Esther Mae Hilde for a total price of $3.05 million.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $3,050,000
  • Address: 2843 & 2855 Horse Pen Creek, Greensboro, NC
  • Market: Greensboro, NC
  • Buyer: Horse Pen Creek Rd LLC
  • Seller: Esther Mae Hilde
  • ACRES: 30.28

Horse Pen Creek Rd LLC, a real estate company based in Cary, successfully purchased the two tracts of land spanning over 30 acres at 2843 and 2855 Horse Pen Creek in Greensboro, NC. The seller, Esther Mae Hilde, agreed to a sale price of $3.05 million. This acquisition marks a significant investment for Horse Pen Creek Rd LLC, further expanding their real estate portfolio in the Greensboro market.

Players

Greensboro Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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