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Projected CAP rate = 7.5% to 8%. Per research (US census, Universities) North Carolina is one of the 6 states in US to continue experience significant growth in population over next three decades. This prime Carolina MSA is expected to continue to be largest metro region in Carolina's for next several decades with over 34% or more in next decade! This 129 Unit, 4 block apartments for $15 million is a killer deal for any investors. Swimming pool, park, club house. What Seller is looking for ? : Sale of property at construction phase with Closing with in 30 days of occupancy certificate.
Agent Remarks: -- > With in 1.5 mile , shopping, hospitals Schools. New roads in the area to hwy. Charter schools are near by. Estimated availability of finished product = Aug 2020; Current status = under construction; Each Unit has a balcony; 2 bedroom unit= 976 sft; 1 bedroom unit = 748 sft; Roughly 91 units are double bed rooms, 38 units are single bed room units.
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.