Mimosa & Rock Creek

724 W Union Street, Morganton NC 28655

$ 3,000,000

Mimosa & Rock Creek

724 W Union Street, Morganton NC 28655
ASSET TYPEGarden Apartments
PRICE$ 3,000,000
PER UNIT$ 61,224
TOTAL UNITS49
OCCUPANCY98%
YEAR BUILT1938, 1940, 1997 & 1973
MARKETMorganton-Valdese
STATUSIn Contract

Financials

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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

Location

Contact

Eric Pagnozzi

919.861.9730 x3
Eric@ApartmentCore.com