Woodstream Apartments

Sold Price

$8,650,000

 

Hold Period

2.5 Yrs.

 

Total Equity

$1,800,000

 

Total Profit

$3,379,979

 

Year Built

1974

Located in Fayetteville, North Carolina, Woodstream is a 202-unit garden style apartment community. The asset performed very well over the course of the hold boasting a 16% cash on cash return. Woodstream was an extremely successful investment for Providence netting an IRR of 37.10%. In a heavy military market like Fayetteville, NC management becomes that much more important. Through focused management and upgrade interiors Providence was able to have one of its most successful ventures to date.