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

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.