EASTBROOKE APARTMENTS – 233 UNITS IN BURLINGTON, NC
Address: |
1900 Morningside Dr, Burlington, NC 27217, USA |
Overview: |
SOLD 12/30/20 FOR $19,850,000
$85,193 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Eastbrooke Apartments is located in the suburban market of Burlington, NC, which links the Triangle (Raleigh, Durham, Chapel Hill) and Triad (Greensboro, Winston-Salem, High Point) regions. The property features 143 units built in 1970 and another 90 units completed in 2019. Purchased during lease-up of the newest phase, the property offers the ability to push rents in line with comparable properties once stabilized.
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