New England Investment Partners Acquires Multifamily Property In Raleigh, NC For $12M

The multifamily property located at 11700 Arnold Palmer Dr in Raleigh, NC has been sold in a recent transaction. The property consists of 96 units and was sold for a total price of $12,000,000, resulting in a per unit price of $125,000. The sale took place on September 20, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Units: 96
• Price Per Unit: $125,000
• Address: 11700 Arnold Palmer Dr, Raleigh, NC
• Market: Raleigh, NC

New England Investment Partners acted as the buyer in this transaction, while The Pendergraph Cos. of Raleigh served as the seller.