The property was built in 1970 and was 94% occupied at the time of the sale. The average rental rate is $675 per unit. The complex consists of 40 two-bedroom units with a bath and half-bath, 26 two-bedroom townhouses with a bath and half-bath, and 26 three-bedroom townhouses with two baths and a half-bath.
Joshua Goldfarb, Marc Robinson and Chris Johnston, principals of locally based Southeast Apartment Partners represented Heritage and located the buyer. Alpharetta, GA-based Integrity Bank provided financing for Urban Partnership.
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