Mimosa & Rock Creek
724 W Union Street, Morganton NC 28655
| ASSET TYPE | Garden Apartments |
|---|---|
| PRICE | $ 3,000,000 |
| PER UNIT | $ 61,224 |
| TOTAL UNITS | 49 |
| OCCUPANCY | 98% |
| YEAR BUILT | 1938, 1940, 1997 & 1973 |
| MARKET | Morganton-Valdese |
| STATUS | In Contract |
Highlights
➤ Includes Mimosa Square (19 units in Morganton) and Rock Creek (30 units in Valdese) for a total of 49 units
➤ Excellent upside potential with 98% occupany and rents below market
➤ Lots of recent renovations completed
➤ Great value-play opportunity by implementing unit upgrades
➤ Locations offer easy access to I-40 and surrounding employment, shops, restaurants and more
Photos
Financials
Location
Contact
Eric Pagnozzi
919.861.9730 x3
Eric@ApartmentCore.com