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The Reserve at Mallard Creek 10701 Mallard Creek rd 34 Unit Apartment Building $18,834,776 CAD ($553,964 CAD/Unit) 5% Cap Rate Charlotte, NC 28262

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FINANCIAL SUMMARY (PRO FORMA - 2026)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $1,412,608 $21.31
Other Income - -
Vacancy Loss $70,630 $1.07
Effective Gross Income $1,341,978 $20.24
Taxes $150,678 $2.27
Operating Expenses $249,284 $3.76
Total Expenses $399,962 $6.03
Net Operating Income $942,016 $14.21

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income (CAD)
Annual $1,412,608
Annual Per SF $21.31
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $70,630
Annual Per SF $1.07
Effective Gross Income (CAD)
Annual $1,341,978
Annual Per SF $20.24
Taxes (CAD)
Annual $150,678
Annual Per SF $2.27
Operating Expenses (CAD)
Annual $249,284
Annual Per SF $3.76
Total Expenses (CAD)
Annual $399,962
Annual Per SF $6.03
Net Operating Income (CAD)
Annual $942,016
Annual Per SF $14.21

PROPERTY FACTS

Price $18,834,776 CAD
Price Per Unit $553,964 CAD
Sale Type Investment
Cap Rate 5%
No. Units 34
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 3.31 AC
Construction Status Under Construction
Building Size 66,300 SF
No. Stories 3
Year Built 2026

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Tub/Shower
  • Wi-Fi

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Smoke Free
  • Wi-Fi
  • Online Services

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+3.5 34 $3,532 CAD 1,904 - 1,950
  • Listing ID: 38216335

  • Date on Market: 2025-10-25

  • Last Updated:

  • Address: 10701 Mallard Creek rd, Charlotte, NC 28262

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