Share This Listing

Message

946 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

44 Units in 4 Property Portfolio 4 Multifamily Properties Offered at $10,254,720 CAD in Multiple Locations

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Located in Charlotte MSA’s most dynamic growth corridors
  • Walkable access to major employers and transit
  • Rents significantly below market with proven upside
  • No new competitive supply in pipeline

EXECUTIVE SUMMARY

This 44-unit multifamily portfolio presents a rare opportunity to acquire stabilized, income-producing assets in four high-growth submarkets of the Charlotte, NC MSA. With full occupancy and sub-2% market vacancy rates, each property is strategically positioned to benefit from Charlotte’s booming economy, rising household incomes, and limited new supply. The portfolio includes Class A and B units located in Uptown Charlotte, Concord, Holton Avenue, and Gastonia—each offering immediate cash flow and long-term appreciation potential.
The properties are currently leased at below-market rents, providing significant upside through rental rate adjustments. Market comps indicate potential increases of 20–40% across unit types, translating to a projected portfolio value of $13.2M at market rents and a 5% cap rate. Locations are walkable to major employers, entertainment districts, and transit corridors, including Charlotte Douglas International Airport, Uptown’s financial district, and regional distribution hubs.
This portfolio is ideal for investors seeking a foothold in one of the Southeast’s fastest-growing metros. With zero new apartment deliveries scheduled in these submarkets, the assets are well-positioned to capture rising demand and rental growth.

ATTACHMENTS

OM

PROPERTY FACTS

Price $10,254,720 CAD
Price / SF $336.09 CAD / SF
Cap Rate 6.12%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 4
Total Building Size 30,512 SF
Total Land Area 1.97 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
2611 Holton Ave, Charlotte, NC 28208 Multifamily 6,000 SF 1985 $1,834,688 CAD
406 W 9th St, Charlotte, NC 28202 Multifamily 5,704 SF 1983 $3,488,000 CAD
56 Tribune St, Concord, NC 28025 Multifamily 7,808 SF 1999 $1,988,160 CAD
302 S Broad St, Gastonia, NC 28054 Multifamily 11,000 SF 1958 $2,860,160 CAD
Show More > < Show Less
  • Listing ID: 36184467

  • Date on Market: 2025-06-10

  • Last Updated:

  • Address: 44 Units in 4 Property Portfolio, Gastonia, NC

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}