Daily limit: 0/10
StoneRiver Co Acquires Multifamily Property In Concord, NC From Southwood Realty For $71.3M
SOLD
$71,300,000
National
See Similar DealsMultiFamily
Sold 08/16/2023
SOLD
StoneRiver Co Acquires Multifamily Property In Concord, NC From Southwood Realty For $71.3M
3635 Coventry Cmns Ave SW
See Similar DealsMultiFamily
Sold 08/16/2023
Summary
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 3635 Coventry Cmns Ave SW in Concord, NC has been sold for $71,300,000. The property consists of 336 units, resulting in a per unit price of $212,202. The transaction took place on 08/16/2023.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $71,300,000
- Units: 336
- Price Per Unit: $212,202
StoneRiver Co purchased the property from Southwood Realty. Both the buyer and seller are prominent players in the real estate market.
Note: The aforementioned transaction is separate from the record-breaking $7.1 million residential property sale in Davidson, located 20 miles north of Charlotte, mentioned in a related news article. The two transactions are unrelated.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,802,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$253,313.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$337,998.38
Annual Debt Service$4,055,980.51
Is there something missing? Send suggestions