Skip to content
View Listings
Explore Selling
Browse Sold
About Us
Menu
View Listings
Explore Selling
Browse Sold
About Us
Register
Login
Forest View
401 Lenoir Road, Morganton NC 28655
$ 940,000
View Deal Story
Forest View
401 Lenoir Road, Morganton NC 28655
Asset Type
Garden Apartments
Date Sold
August 10, 2016
Price
$ 940,000
Per Unit
$30,000
Total Units
32
Year Built
1966
Market
Western North Carolina
Deal Highlights
Owner wanted to sell challenging property in smaller tertiary market
Needed value-add buyer willing to take on complete reposition
We implemented a sales strategy specifically targeting value-add investors open to tertiary markets
Strategy attracted out of state buyer
Closed at a sub-5% CAP Rate on existing financials
Location
Contact
Wayne Braren
Co-Founder
Apartment Core
919-861-9730 x1
Wayne@ApartmentCore.com
Send Email
View Bio
Mike Siciliano
Co-Founder
Apartment Core
919-861-9730 x2
Mike@ApartmentCore.com
Send Email
View Bio
Get a Free Pricing Opinion
Find out what your multifamily property is worth in today's market!
Inquire Today
Login
Remember Me
Login
Need a Login?
Click Here
| Forgot Password?
Click Here
Free Pricing Opinion
Find out what your multifamily property is worth in today’s market.
Send
