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The 601W Cos. Sells Multifamily Complex

Private Entity Acquires 48-Unit Balfour West Apts. for $4.2M
July 18, 2014
The 601W Cos. sold the 48-unit Balfour West Apts. in Durham, NC to a private entity for $4.25 million, or approximately $88,500 per unit.

The 54,852-square-foot apartment community consists of one- and two- bedroom units in nine buildings. It was built in 1997 and was 100 percent occupied at the time of sale.

John Bergin and Steve Maygar of Waterstone Multi-Family Group, LLC represented the seller, while the buyer was self-represented.

Please see CoStar Comp #3052885 for more information on this transaction.

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