MultiFamily Property for Sale

Concord, NC (Cabarrus County)

Asking Price: On Request

Real Estate Details

Listed on Jul 27, 2019(Renewed on Feb 4, 2025)

Projected CAP rate = 7.5% to 8%. Per research (US census, Universities) North Carolina is one of the 6 states in US to continue experience significant growth in population over next three decades. This prime Carolina MSA is expected to continue to be largest metro region in Carolina's for next several decades with over 34% or more in next decade! This 129 Unit, 4 block apartments for $15 million is a killer deal for any investors. Swimming pool, park, club house. What Seller is looking for ? : Sale of property at construction phase with Closing with in 30 days of occupancy certificate.
Agent Remarks: -- > With in 1.5 mile , shopping, hospitals Schools. New roads in the area to hwy. Charter schools are near by. Estimated availability of finished product = Aug 2020; Current status = under construction; Each Unit has a balcony; 2 bedroom unit= 976 sft; 1 bedroom unit = 748 sft; Roughly 91 units are double bed rooms, 38 units are single bed room units.
Instructions: Contact us Today!

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Financials (USD)

Net Operating Income (Annual) Not Disclosed

Asking Price Not Disclosed

Cap Rate Available On Request

Deal Terms

Broker Co-Op? Available On Request

Seller Financing Available? Available On Request

Seller Willing To Lease? Available On Request

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