3/21/24 - 8 New Carolina Multifamily Deals

Good Morning Carolina Multifamily Investors,

Let’s take a look at some new deals for 3/21/24. 

New Multifamily For Sale in the Last ~24 Hrs

NC:

• Winston Salem 2-Unit for $305,000 (link)

• Cary 2-Unit for $474,000 (link)

• Wrightsville Beach 2-Unit for $1.55MM (link)

• Asheboro-Mocksville MHP Portfolio for $2.4MM (link)

  • Pad rents in both parks are ~ 15% below current market average, per listing broker

  • Asheboro MHP also contains additional acreage for park expansion

  • Majority Tenant Owned Homes (93%)

• Fayetteville 71-Unit Apartment Building - Unpriced (link)

  • 1963 Vintage, Class B

  • Major Capital Improvements over last 3 yrs

  • 95% occupancy per listing broker

SC:

• Spartanburg 4-Unit for $380,000 (link)

• Taylors 6-pad Mobile Home Park for $580,000 (link)

  • 6 pads, w/ 4 rented homes, 1 unrented home, and 1 empty pad.

• Myrtle Beach 48-Unit Apartment Building for $6.57MM (link)

  • Foxtrot Villas Apartments

  • Marketed for sale to non-profits and housing authorities only at this time

Be Back Tomorrow,

Nick

Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as financial or investment advice. Always conduct thorough due diligence and consult with professionals before making any investment decisions.