Charlotte NC 12 Units - Help Evaluating

[Grace Shinnick]

Hi all,

I am working on evaluating a 12 unit opportunity near downtown Charlotte, NC (just out of curiosity). I want to see if my rough estimates/valuation matches the communities perspective on whether this would be a good deal or not.

Below is link to listing:

https://www.realtor.com/realestateandhomes-detail/...

Below is link to rental information:

https://www.realtor.com/realestateandhomes-detail/...

So many questions on my end here too, if any of you are familiar with a transaction this large:

- Would this be considered commercial if there are 6 separate duplexes? If it is considered commercial, how do the loans change?

- Do you take into consideration the rail going in that is opening in 2018 and connecting UNC-Charlotte to downtown? Would you expect this to decrease rent as a result of new investors building new apartment complexes?

- What price would make this a good deal in your opinion - what cash on cash ROI would you look for?

- Are my cost estimates reasonable?

Thanks for any input!