This one is a big enough sale to say: WOW.
Plymouth Park Place Apartments just sold to a South Carolina company for $54.7million. The extremely low vacancy rates on rentals right now and the low property prices make it a good time to invest, especially in Single Family rentals.
A friend of mine, Aaron Clarey who is an Economist extraordinaire, writer (Behind to Housing Crash) and blogger – programmed a nice Excel worksheet for me to analyze investment property returns. You can download it on the right sidebar or here:
Download and use to analyze potential returns on buying rental properties.
The 500-unit Park Place Apartments in Plymouth has been sold for $54.7 million to a South Carolina company.
The four-building complex was bought byGreystar Real Estate Partners of Charleston, S.C., Finance & Commercereported. The previous owner was Dallas-based Park Place Portfolio Inc., an entity connected to Atlanta-based Invesco .