Looking for: Multifamily 8-30 units / B or C / 8-10 CAP

[Josh Stack]

We are looking to acquire a multifamily asset of 8-30 units in the region west of Charlotte, North Carolina. Specifically within the Gastonia, Asheville, Lenoir NC triangle. We are unafraid of tertiary markets as long as the town has good underlying fundamentals.

Particulars

- 8-30 units w/value add

- B or C class asset, stable working class neighborhood

- Light rehab OK but not looking to reposition or major rehab

- Pricing at 8-10 CAP

Here is an example of a sold complex from 2017 which is exactly the type of asset I'm searching for. https://goo.gl/maps/dTmWPaqRvQ82

I have capital and existing relationships with regional banks. If needed, I also have a network to bring in other investors if the size of the project warrants it. When we find the right deal, we will get it closed - no worries on that.

If you have something or simply may have something in future, please get in touch by email ([email protected]) or through PM on BP.

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Counties: Gaston, Cleveland, Rutherford, Polk, Henderson, Buncombe, Madison, Yancey, McDowell, Burke, Caldwell, Catawba, Lincoln

Cities: Gastonia, Shelby, Columbus, Rutherfordton, Hendersonville, Asheville, Marshall, Burnsville, Lenoir, Morganton, Newton, Lincolnton, Kings Mountain, Forest City, Black Mountain, Burnsville, Spruce Pine, Mars Hill, Weaverville, Hickory, Granite Falls, Maiden, Stanley, Cherryville, Marion