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



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.
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.
PROPERTY FACTS
| Price | $10,254,720 CAD | Number of Properties | 4 |
| Price / SF | $336.09 CAD / SF | Individually For Sale | 4 |
| Cap Rate | 6.12% | Total Building Size | 30,512 SF |
| Sale Type | Investment | Total Land Area | 1.97 AC |
| Status | Active |
| 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 |
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44 Units in 4 Property Portfolio
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