100% Occupied | 14-Unit Apartment Complex | Charlotte MSA

Highlights

• Property located a short walk from festive downtown Gastonia and minor league baseball park
• Current in place rents below market
• Vacancy rate of Gastonia market: 2.0%
• Population growth of Gaston County: 1.3% annually
• Average household income for Gaston County is $85,381 increasing 5.3% year over year
• Limited supply of like kind of apartments
• Bull Realty NC license number C17910

Description

This proposed acquisition of 14 Class B apartments – 10 two bedrooms, 1 bedroom units; 2 one bedroom, one bathroom units; 2 three bedrooms, one bedroom units - one bathroom Class B apartments in this high growth, high demand, near-zero vacancy market of the Charlotte suburb of Concord 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.

Charlotte, NC MSA

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