Little Creek Apartments

$
2,810,000
Jonesville, NC
Multifamily
Vintage
SF
Units
Share Property
About the property

TrueRate was able to sell this partially renovated property at a value that was based solely on proof of concept of renovations leading to rent growth. The team gathered over 85 signed NDAs in a tertiary market with low transaction velocity - this is the largest of eight total trades over the past two years in this market. The property sold at a 6.83% cap rate in a location where investors typically seek 7%+ cap rate deals. TrueRate facilitated a smooth contract period and negotiated for a hard contract deposit day one. The price was not re-traded amidst changing and uncertain market conditions. TrueRate received multiple offers in writing and facilitated a competitive bidding process.

Contact the Team
Samuel R. Finkler
Vice President, Investment Sales
View profile
Audley Clarke
Senior Associate, Investment Sales
View profile
Recently Closed Deals
see all deals
Monetize CRE investments
Tell us about your property and our skilled advisors will connect with you for a complementary broker value of opinion.
Get Valuation