Investor · Winter Park, FL · Member since 2015 · 14 posts · 5 votes
I'm planning a road trip to look at some select cities in Tennessee and North Carolina. We are looking for value-added multifamily properties with 40+ units, and we think that TN and NC have some good outlooks. I'm would like to meet some local real estate people who know the local multifamily markets well. Would appreciate any referrals.
Areas I'm interested in visiting (but not limited to):
Nashville, TN
Memphis, TN
Chattanooga, TN
Raleigh, NC
The Triangle, NC
Asheville, NC
I don't have any firm trip dates, but I'm planning to make the road trip before the end of November this year.
Andrew,
You're trailing me. I haven't found much on-market, value add at the size you're looking for. And I don't know if any off-market at the moment. I can definitely let you know, if I come across something.
I've been shopping TN and NC since Feb. I have been in contract twice but both sellers went sideways on me before close. I'm looking to lock down two to three 30'ish unit properties by close of next year.
Actually, I do know of a building downtown Chattanooga that I believe would facilitate about 16 class A units, but it needs to be gutted and built out.
- Chris