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Sweetbay Capital Acquires Mount Pleasant Villas Apartments In Roanoke For $7.25M

Property Image
SOLD
$7,250,000

Virginia

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MultiFamily
Sold 12/01/2023
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Property Image
SOLD

Sweetbay Capital Acquires Mount Pleasant Villas Apartments In Roanoke For $7.25M

1718 Rutrough Road Southeast

See Similar Deals
MultiFamily
Sold 12/01/2023
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale

Sweetbay Capital has acquired Mount Pleasant Villas Apartments, a 90-unit garden-style apartment community in Roanoke, Virginia, for $7.25 million. The property, located at 1718 Rutrough Road Southeast, offers a total of 90 units, with a price per unit of $80,556.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,250,000
  • Address: 1718 Rutrough Road Southeast, Roanoke, VA
  • Market: Roanoke, VA
  • Buyer: Ted Crawford - Sweetbay Capital
  • Seller: JC Capital Rutrough, LLC
  • Broker: Clay Taylor - Cushman & Wakefield

Ted Crawford, representing Sweetbay Capital, was the buyer in the transaction. Clay Taylor, from Cushman & Wakefield, represented the seller, JC Capital Rutrough, LLC, in this multifamily property sale. The acquisition of Mount Pleasant Villas Apartments enhances Sweetbay Capital's portfolio in the Roanoke market.

Players

Clay Taylor
Cushman & Wakefield
Clay Taylor
18 deals$92.7M volume(863) 224-0835
BROKER

Details

SOLD
IMAGE: Ted Crawford & Clay Taylor DATE: 12/01/2023 ADDRESS: 1718 Rutrough Road Southeast MARKET: Roanoke, VA ASSET TYPE: Multifamily BUYER: Ted Crawford - Sweetbay Capital SELLER: JC Capital Rutrough, LLC BROKER: Clay Taylor - Cushman & Wakefield SALE PRICE: $7,250,000 UNITS: 90 ~ PPU: $80,556 NOTE: Sweetbay Capital has acquired Mount Pleasant Villas Apartments, a 90-unit garden-style apartment community in Roanoke, Virginia, for $7.25 million.

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