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1535 Rocky River W rd - Newly built Townhomes near UNCC (Stabilized) 11 Unit Apartment Building Offered at $5,707,800 CAD at a 5% Cap Rate Charlotte, NC 28213
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$407,700
|
$19.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$20,385
|
$0.97
|
| Effective Gross Income |
$387,315
|
$18.44
|
| Taxes |
$51,642
|
$2.46
|
| Operating Expenses |
$50,962
|
$2.43
|
| Total Expenses |
$102,604
|
$4.89
|
| Net Operating Income |
$284,710
|
$13.56
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $407,700 |
| Annual Per SF | $19.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $20,385 |
| Annual Per SF | $0.97 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $387,315 |
| Annual Per SF | $18.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $51,642 |
| Annual Per SF | $2.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $50,962 |
| Annual Per SF | $2.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $102,604 |
| Annual Per SF | $4.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $284,710 |
| Annual Per SF | $13.56 |
Property Facts
| Price | $5,707,800 CAD | Property Type | Multifamily |
| Price Per Unit | $518,891 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Size | 21,000 SF |
| Cap Rate | 5% | No. Stories | 3 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 2025 |
| No. Units | 11 |
| Price | $5,707,800 CAD |
| Price Per Unit | $518,891 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 11 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 21,000 SF |
| No. Stories | 3 |
| Year Built | 2025 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3.5 | 11 | $3,160 CAD | 1,980 |
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1535 Rocky River W rd - Newly built Townhomes near UNCC (Stabilized)
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