Monroe, N.C.—Henderson Properties, a family-owned real estate business serving the greater Charlotte area, recently announced that it has represented the seller on a $1.2 million sale of a 61-unit apartment property in Monroe. The community received multiple offers, but sold to the Coroneos family. According to the Charlotte Business Journal, the seller was EverBank.
Located at Castle Road and Riverside Lane, the 7.5-acre property is just 3 miles from the Carolinas HealthCare System Union and 4 miles from Wingate University. EverBank took the community in late 2015 as a lender and hired Henderson Properties to manage the property, executing a turnaround strategy to increase its marketability.
Kevin McClave, director of sales and broker-in-charge for Henderson Properties Realtors in Charlotte arranged the sale.
Image courtesy of the Charlotte Business Journal