thoughts on multis outside of Charlotte

[Heather U.]

Looking at a few multi families in Valdese, Hickory, Statesville, Albemarle.  These seem to be the areas I can afford a multi. I 'd prefer closer to Charlotte but seems too expensive for me.  Any thoughts on these towns? I know they aren't really close enough to Charlotte to attract commuter tenants so I'm worried these towns themselves won't have much demand for tenants. Any insight???

[Shaun Kelly]

@Heather U. Hi Heather! Statesville is a great town for rentals. With the hospitals, large manufacturing presence, and proximity to Mooresville, people will always be needing a place to stay there. I'm not too sure about Hickory, I know a major manufacturer just moved away from there and into Charlotte (Corning) but I just don't know enough about there. Gastonia may be a little rocky now for rentals, but if I were to be investing for the best returns - this would be it. Charlotte is expanding west with major development near the airport, plans for a light rail into Gastonia, the FUSE, multiple new bridges across the Catawba... etc. But yea, may need more upfront work and hassle. Anyways, always happy to help!

Shaun Kelly - Keller Williams Agent

Realtykelly.com