Great Location in the booming Charlotte North Carolina MSA. 6 percent Cap rate. 99 percent Occupancy.

16 Buildings: 8 Built in 1998, 8 Built in 1999
63 Town Home Style Units, which are 1,070 sqft, 2 bedrooms and 1.5 bathrooms, with an exterior storage
2 Handicap Style Units, 1,070 sqft, 2 bedrooms and 1 bathroom
2 Apartment Style Unit, 1070 sqft, 2 bedrooms and 1 bathroom
New Roofs were completed in 2013.
Each town home has a refrigerator, dishwasher, garbage disposal, stove

1 Apartment Building, 3 Story, Built in 2009
13 Apartment Style Units, 972 sqft, 2 Bedrooms, 1.5 Bathrooms
1 Handicap Apartment Style, 972 sqft, 1 bedroom, 1 bathroom
1 Office and Laundry Room with 4 washers, 4 dryers. totaling 972 sqft

15 minutes north of Charlotte and within a couple miles of the new North Carolina Research Campus.
Great residential area.

Posted Jun 2, 2016

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