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Riverview
109 Club Drive, Morganton NC 28655
$ 8,500,000
View Deal Story
Riverview
109 Club Drive, Morganton NC 28655
Asset Type
Garden Apartments
Date Sold
February 24, 2022
Price
$ 8,500,000
Per Unit
$ 85,000
Total Units
100
Year Built
1980
Market
Western North Carolina
Deal Highlights
Off-market transaction located in Morganton, North Carolina
Extensive deferred maintenance was not a hindrance to sale
Sold for $85k per unit in a tertiary market
Closed at a sub-5% cap rate
APARTMENT CORE represented the Seller
Location
Contact
Wayne Braren
Co-Founder
Apartment Core
919-861-9730 x1
Wayne@ApartmentCore.com
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Mike Siciliano
Co-Founder
Apartment Core
919-861-9730 x2
Mike@ApartmentCore.com
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View Bio
Eric Pagnozzi
Investment Broker
N Carolina
919-861-9730 x3
Eric@ApartmentCore.com
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View Bio
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