Treybrooke at the Park

Posted: 4/25/2017
SOLD
200 Units
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Treybrooke at the Park
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Treybrooke at the Park
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Treybrooke at the Park

About

About Treybrooke at the Park

Offers due:  Thursday, June 1, 2017

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 200-unit, 1989-built Treybrooke at the Park apartments in Morrisville, NC. The property is located in an affluent pocket of the Raleigh-Durham MSA, boasting average household income levels of over $100,000 and home values of $325,000, and is conveniently situated amongst the area’s top employment and retail nodes. Treybrooke at the Park, which features the largest floorplans in the submarket, has experienced 33% market rent growth since September-2013 due to a light interior upgrade package that has been completed on 93% of the units. New ownership has the opportunity to increase annual NOI by an additional 28% through completion of a more comprehensive upgrade program that is supported in the submarket.