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1535 Rocky River W rd - Newly built Townhomes near UNCC (Stabilized) 11 Unit Apartment Building Offered at $5,789,700 CAD at a 5% Cap Rate Charlotte, NC 28213
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$413,550
|
$19.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$20,677
|
$0.98
|
| Effective Gross Income |
$392,872
|
$18.71
|
| Taxes |
$52,383
|
$2.49
|
| Operating Expenses |
$51,694
|
$2.46
|
| Total Expenses |
$104,077
|
$4.96
|
| Net Operating Income |
$288,796
|
$13.75
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $413,550 |
| Annual Per SF | $19.69 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $20,677 |
| Annual Per SF | $0.98 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $392,872 |
| Annual Per SF | $18.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $52,383 |
| Annual Per SF | $2.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $51,694 |
| Annual Per SF | $2.46 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $104,077 |
| Annual Per SF | $4.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $288,796 |
| Annual Per SF | $13.75 |
PROPERTY FACTS
| Price | $5,789,700 CAD | Property Type | Multifamily |
| Price Per Unit | $526,336 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 | $5,789,700 CAD |
| Price Per Unit | $526,336 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 | $3,205 CAD | 1,980 |
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1535 Rocky River W rd - Newly built Townhomes near UNCC (Stabilized)
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