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Riverview

109 Club Drive, Morganton NC 28655

$ 8,500,000

Riverview

109 Club Drive, Morganton NC 28655
IMG_1684b
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

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

  • Co-Founder
  • Apartment Core
919-861-9730 x1
Wayne@ApartmentCore.com
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TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

  • Co-Founder
  • Apartment Core
919-861-9730 x2
Mike@ApartmentCore.com
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TeamMembers-EricPagnozzi-Color-340x340

Eric Pagnozzi

  • Investment Broker
  • N Carolina
919-861-9730 x3
Eric@ApartmentCore.com
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