3 Multifamily Opportunities Hit the Market

3 min read

This April, online commercial real estate platform RealINSIGHT Marketplace will be auctioning off one Pennsylvania and two North Carolina multifamily investments.

RealINSIGHT Marketplace, an online commercial real estate platform,  will be auctioning off three multifamily investment opportunities this April. The offerings include the Heather South Apartments in Winston-Salem, N.C. and two multifamily portfolios—one in Winston-Salem, N.C. and one in Pittsburgh, Penn.

The Winston-Salem Multifamily Portfolio includes two apartments communities, Ardmore Landing and Reynolds Townhomes. The Pittsburgh Multifamily Portfolio includes three properties, 11 Duff Road, 7-9 Duff Road and 11670-11680 Frankstown Road.

Offering #1:

About the Heather South Apartments:

  • Multifamily Type: Garden-Style
  • Number of Units: 67
  • Number of Buildings: 8
  • Number of Floors: 2
  • Land Area: 7.23 Acres
  • Occupancy: 89.71%

The property is exceptionally well-maintained and demonstrates favorable operational momentum. The asset offers new ownership significant income upside from minor operational improvements and a market-proven unit interior renovation program.

The Property is within close proximity to an abundance of local area employers and Class A retail in Winston-Salem, N.C.

Investment Highlights:

  • Well-Positioned Asset Poised for Value-Add Program
  • $360K+ of Capital Projects Completed Since 2017
  • Organic Rent Growth through Proactive Management
  • Financing Available

The Auction will take place on Tuesday, April 9th – Thursday, April 11th through RealINSIGHT Marketplace.

For more information, please visit the Heather South Apartments on RealINSIGHT Marketplace.

Offering #2:

About the Winston-Salem Multifamily Portfolio

  • Two Garden-Style Apartment Communities
    • Ardmore Landing
      • 45 Units
      • 67% Occupied
      • 22 Acres
      • 5 Buildings
    • Reynolds Townhomes
      • 30 Units
      • 67% Occupied
      • 70 Acres
      • 3 Buildings

Each property features low maintenance brick exteriors, have been exceptionally well-maintained, and demonstrate favorable operational momentum. Each asset offers significant income upside through minor operational improvements, a market-proven unit interior renovation program, and driving tenant demand. New ownership is well-positioned to bridge the considerable gap to align more closely with market competitors.

About the Location:

  • Walking Distance to Forsyth Community College

Both assets are located near an abundance of employment opportunities and Class A retail in Winston-Salem, N.C.

Investment Highlights:

  • Well-Positioned Asset Poised for Value-Add Program
  • $400k+ of Capital Projects Completed Since 2017
  • Organic Rent Growth through Proactive Management
  • Desirable Townhome Style Units with Water/Sewer Bill-Back Potential
  • Financing Available

The Auction will take place on Tuesday, April 9th – Thursday, April 11th through RealINSIGHT Marketplace.

For more information, please visit the Winston-Salem Multifamily Portfolio on RealINSIGHT Marketplace.

Offering #3

About the Pittsburgh Multifamily Portfolio

  • Three Properties
  • 93% Occupied
    • 11 Duff Road
      • 11,160 SF
      • Three-Story Mixed-Use Building
      • Five Lower-Level Office Spaces (Can Be Converted into Apartments)
      • 11 Units
    • 7 – 9 Duff Road
      • 9,525 SF
      • Three-Story Building
      • 12 Units
    • 11670 – 11680 Frankstown Road
      • Two Buildings
      • Two-Stories
      • 36,300 SF
      • 36 Units

These Pennsylvania properties give buyers the opportunity to acquire a value-add portfolio within an asset class that’s historically difficult to penetrate. 

The Auction will take place on Monday, April 8th – Wednesday, April 10th through RealINSIGHT Marketplace.

For more information, please visit the Pittsburgh Multifamily Portfolio on RealINSIGHT Marketplace.

You can view all available multifamily assets available for auction here plus any traditional direct-sale multifamily listings here.

 

About RealINSIGHT Marketplace:

RealINSIGHT Marketplace is the preeminent platform for CRE transactions, bringing Buyers, Sellers, and Brokers together to efficiently list, market, and close deals. Marketplace allows local, regional, national, and international investors the opportunity to easily review and bid on commercial real estate assets throughout the country. The sales platform is managed by a dedicated team of commercial real estate experts with over $11B in online real estate sales. RealINSIGHT Marketplace has completed over 1.65 B transacted since its inception in early 2017.

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