DEAL OF THE DAY: Sperry Van Ness Completes Sale of North Carolina Apartments for $4.125M
June 23, 2008
By Erika Schnitzer, Associate EditorGoldsboro, N.C.–Sperry Van Ness has completed the sale of McArthur Apartments, a 110-unit community in Goldsboro, N.C., for $4.125 million.Concord, N.H.-based EWT LLC bought the 21-building community that was built in 1970 and 1987. The units range in size from 900 to 1,900 sq. ft. and are mostly two-bedrooms (with the…
By Erika Schnitzer, Associate EditorGoldsboro, N.C.–Sperry Van Ness has completed the sale of McArthur Apartments, a 110-unit community in Goldsboro, N.C., for $4.125 million.Concord, N.H.-based EWT LLC bought the 21-building community that was built in 1970 and 1987. The units range in size from 900 to 1,900 sq. ft. and are mostly two-bedrooms (with the exception of one unit). Monthly rents have increased to the $550 range since the sale.Located at 204 Benton St., the property is approximately 50 miles from Raleigh and is situated on 11.36 acres of land. It was 95 percent occupied at the close of escrow.Jim Scofield, senior investment advisor for Sperry Van Ness, represented both the buyer and the seller in the transaction.
