A 232-unit apartment complex in Lake Norman has been sold for $55 million through passive investing. The buyer, Inwood Holdings, acquired the property which was built in 2014 and is located near the shores of North Carolina’s largest man-made lake. The complex offers easy access to Interstate 77.
The sale was facilitated by a team from Northmarq’s Carolinas Multifamily Investment Sales division led by Andrea Howard, Caylor Mark, John Currin, Allan Lynch, Jeff Glenn and Austin Jackson. Braxton at Lake Norman is situated on approximately 20 acres at 118 Plantation Creek Dr., Mooresville.
The average unit size of this multifamily community is around 1,055 square feet with attached garages available in104 units. Residents can enjoy amenities such as a saltwater swimming pool,a24-hour fitness center with rock climbing wall,a drive-thru mail kiosk,a car wash station,and pet park and spa.
With its convenient location just about a25-minute commute to Charlotte’s city center,the184411-square-foot property offers an ideal living option for residents looking for easy access to urban amenities while still enjoying the tranquility of suburban life.
