Apartment complex purchase comprising of five separate buildings totaling 27 units. This C-Class property is located in a redeveloping neighborhood surrounded by single family, duplex and fourplex properties. Apartments are currently 100% leased.

The building itself has little deferred maintenance making this a turnkey project poised for immediate cash flow distributions. These buildings are attractively designed and present much lower maintenance costs than similarly graded investments due to recent renovations, such as maintenance free brick facade. Rents are under market with the potential to increase rents immediately.

Just adding management, maintenance staff and raise rents to increase the value cash flow immediately. The resulting re-positioning will create an asset that provides both cash flow and positive equity growth.

Located in Charlotte NC, which has a population of approx. 829,652, +46.6% since 2000 according to city-data. The median household income is $52,916, with 47% of the population being renters. Charlotte boasts a strong rental market with median gross rents in 2013 being $857. The most talked about story of 2015 was the booming real estate market. And final statistics show that the buzz was true. Home sales were up 8.8% from 2014, and the average closing price rose 5.1% as a result of pent-up demand. (All data was cited from Charlotte Chamber and Charlotte’s City Page). Charlotte NC is an attractive City and continues to attract new residence and maintain a high median household income.

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30% Cash on Cash-27 Unit "Class C" Apartment-Charlotte, NC

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