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

[Josh Stack]

Hey Ya'll,

With your help, we will acquire a multifamily asset of 8-30 units in the region west of Charlotte, NC. Specifically within the Gastonia, Asheville, Boone 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 for major reposition or complete 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 a property that meets our criteria or can connect us with someone who does, 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, Boone

[Josh Stack]

Hey @Dan Handford,

Thanks for the words of encouragement.  I'm hoping to have a ten unit contract signed by the seller today, so making headway.  I'll keep you posted.

For everyone else seeing this post - more on our strategy available: 

https://www.dropbox.com/s/lwy5ngiubz969dn/The%20St...