Updated Oct 29, 2024
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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Deal FAQ
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