Multi-housing / PRS

Mordecai on Clover Townhomes

420 Clover LN Raleigh, North Carolina United States 27604
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1960
Building Area
Occupancy 85.0 %

Property Description

1960's Vintage, 56-unit multifamily townhome community near CBD Raleigh

Investment Highlights

  • Jones Lang Lasalle, a North Carolina licensed real estate
  • broker (“JLL”), has been retained as the exclusive sales
  • representative for Mordecai on Clover Townhomes in
  • Downtown Raleigh, North Carolina. JLL is pleased to
  • present Mordecai on Clover Townhomes (“the Property”),
  • a 1968 vintage, 57-unit large unit townhome-style
  • multifamily community located in Downtown Raleigh’s
  • historic district. The Property is positioned just minutes
  • from Center City Raleigh, presenting investors with
  • a rare opportunity to gain an instant foothold in the
  • premier locales in one of the nation’s fastest-growing
  • markets. Mordecai on Clover features large 1,050 SF
  • units, well thought out floor plans, favorable parking,
  • and exceptional location. The only offering of its kind
  • presenting a clear value-add opportunity in one of the
  • nation's fastest-growing metropolitan areas. Mordecai
  • on Clover is a truly unique investment opportunity.
Last Updated Date: 15 Jul 2020
Jeff Glenn
Jeff Glenn
Managing Director, Capital Markets
License details
NC-136508
Allan Lynch
Allan Lynch
Senior Director, Capital Markets
License details
NC-277156

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Last Updated Date: 15 Jul 2020

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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