Updated almost 4 years ago on . Most recent reply
OFF MARKET!! VALUE ADD!!
Calling all investors!!! 28 door, mixed portfolio available, off market. Minutes from Uptown Charlotte and Bank of America Stadium, this portfolio won't last long. It consists of 21 townhomes, 1 duplex, 1 triplex and 2 single family homes. In total, there is 1 vacancy. 17 of the townhomes have been remodeled. Rents are more than 20% below market and owner pays for water, and also there is a storage unit that can be converted into a studio apartment. These value add factors nearly triple the monthly cashflow making for an 8% cap rate and 15.97% cash on cash return Pro forma. This portfolio is an investors dream. Single family homes in the immediate area are selling for 350k and property values continue to rise as Charlotte continues to burst with growth being one of the top 10 fastest growing cities in the nation. For more details and brochure, contact Jason Lewis. [email protected]