All Forum Posts by: Sydney G.

Hey Sydney, I'd love to connect. 

I'm an agent in Charlotte & I work with a Mortgage Broker that specializes in investment properties. 

I agree with Laura's insight on multifamily properties.

I've seen developers do well in new construction in the area.

Let's connect, I'm looking to network. 
 

Hi @Sydney G.congrats on your upcoming relocation. I looked up some stats for you to get an idea of how common what you're looking for is and the price points. I'm looking in our MLS in the Charlotte area, both NC and SC.

In the last 12 months, there are 4 multifamily properties that are new construction in Charlotte. None in the Indian Land or Rock Hill areas. There were 429 multifamily properties in total during that time, but most of the concentration of properties like this are north of Charlotte, in Kannapolis, Concord, Lincolnton, Hickory, etc. So that's 0.9% of the already limited inventory. The ones that match your criteria are listed/sold at $735,000 on the low end and up to $1.5M. 

I love multifamily as much of the next gal. But just looking from a likelihood scenario, those are some rough numbers and is literally looking for a needle in a haystack. Doable, but tough and you would need to act very quickly if you saw something that matched your criteria. 

Happy to discuss more if you have questions on specific areas.