Private Entity Acquires 48-Unit Balfour West Apts. for $4.2M
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.