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Updated almost 9 years ago on . Most recent reply

User Stats

61
Posts
9
Votes
Hannah Sargent
  • Raleigh, NC
9
Votes |
61
Posts

150 + House Package!!! CHARLOTTE, NC THIS DEAL WONT LAST LONG

Hannah Sargent
  • Raleigh, NC
Posted

OFF MARKET
CHARLOTTE, NORTH CAROLINA

150--- 3 BEDROOM HOMES
64--- 2 BEDROOM HOMES
25--- 4 BEDROOM HOMES
1---- 5 BEDROOM HOME
AVERAGE SIZE--1122 SQ FT
$69,295 PER HOME/ $61.45 PER SQ FT
PRICED AT $16,700,000 + FEES

PROPERTY HIGHLIGHTS
1)Opportunity to Own in One of the Nation's Strongest Markets with Apartment Occupancy at 95.3% for Q1 2016

2)Value-Add Opportunity Through Improved Property Management by Reducing Vacancy from 15% to Current market Average of 5%, and Increasing Rents to Market Levels

3)Current Owner Spent just Under $23,000 per Home on Capital Expenditures to Improve Structural, Safety, and Cosmetic Aspects of the Properties in the Portfolio

4)Multiple Exit Strategies for Portfolio as Many of the Properties are Right in the Path of Development, Sell Individually to Homeowners, or Maintain as Long-Term Rental Portfolio While Increasing Rents and Improving Property Management

Seller is Willing to Subdivide Portfolio Into Transaction Size of 20 or More
***LOI (including proposed price, terms, conditions, contingencies, etc) along with verifiable POF / BIO & NDA/SIGNED FEE AGREEMENT MUST BE SUBMITTED TO MOVE FORWARD***

SFR Property is under contract and ready to be assigned
NEW CASH PRICE AT ONLY $678,000+ fees
Fee is included in the price.
5438 N Rainier Street, Ventura, CA 93003
5 Bed / 4 Bath
3371 sqft. Lot: 8626, 2 car attached, built 1980
ARV: $1.2M

PLEASE CONTACT ME AT

Offering

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