CYPRESS GROVE – 210 UNITS IN WILMINGTON, NC
Address: |
2 Cypress Grove Dr, Wilmington, NC 28401, USA |
Overview: |
SOLD 6/30/2022 FOR $36,000,000
$171,429 per unit
Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction. Located in Wilmington, N.C., Cypress Grove is a 210-unit, garden-style property situated across 15.7 acres. Built in 1970, Cypress Grove features a mix of one-, two, and three-bedroom floorplans. This asset offers the opportunity to increase income through operational and strategic value-add improvements.
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