2611 Holton Ave - Apartments FOR SALE


Charlotte, NC 28208- Westerly Hills
$1,315,000 USD
980-226-6626
2611 Holton Ave, Charlotte, NC for Sale
$1,315,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

2611 Holton Ave
Charlotte, NC 28208
Westerly Hills


HIGHLIGHTS

  • 10 Class B 1 bedroom, 1 bathroom apartments located within a short distance of tens of thousands of jobs
  • Current in place rents below market
  • Average household income growth of 6.4% year over year, Population growth: 1.5% annually
  • Vacancy rate within 2.2 miles of 2611 Holton Ave: 2.2%
  • Limited supply of like kind of apartments
  • Bull Realty NC license number C17910

OVERVIEW

This proposed acquisition of 10 one bedrooms, one bathroom Class B apartments located just 2.2 miles west of Charlotte’s central business in a high growth, high demand, near-zero vacancy market is positioned to deliver immediate cash flow and appreciation due to market dynamics that strongly favor landlords: near-zero vacancies, rising household incomes, limited new supply, and accelerating population growth.

FOR SALE DETAILS

PRICE

$1,315,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

10

PRICE/UNIT

$131,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied | 10-Unit Apartment Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

A500

APN/PARCEL ID

061-027-02

ASK ABOUT THIS PROPERTY

Anna Rohde YuanBull Realty Inc.More Info
980-226-6626

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Anna Rohde YuanBull Realty Inc.More Info
980-226-6626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.