37 Unit Rental Income Portfolio Townhome-Duplex-Single Family Properties

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Augustine Barnett
5 years ago
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ASKING 37 Unit Rental Income Portfolio Townhome-Duplex-Single

side & 2 sides) Townhome Single Family Homes DESCRIPTION: Ranging

Featuring locations between 1 to 7 miles from Uptown Charlotte &

This Single Family Home features 3 Bedrooms, 2 Bathrooms Avg Rent

NOI 2018: est. $248,721* Cap Rate Avg: 5.0-6.0% *See Est.

TOWNHOME SINGLE FAMILY DUPLEX Avg $1600 / mth Avg $825 / mth Avg

1 ASKING 37 Unit Rental Income Portfolio Townhome-Duplex-Single Family Properties TYPE: Income Property Portfolio Mix Duplex (1 side & 2 sides) Townhome Single Family Homes DESCRIPTION: Ranging from 2 bedrooms to 4 bedrooms. Featuring locations between 1 to 7 miles from Uptown Charlotte & Upscale Ballantyne Townhome. This Single Family Home features 3 Bedrooms, 2 Bathrooms Avg Rent $1200/mth HIGHLIGHTS: Total of 18 Units Rents Range $500 - $1600 NOI 2018: est. $248,721* Cap Rate Avg: % *See Est. operating budget included. TOWNHOME SINGLE FAMILY DUPLEX Avg $1600 / mth Avg $825 / mth Avg $800 / mth SINGLE GAMILY SINGLE FAMILY SINGLE FAMILY Avg $1600 / mth Avg $850 / mth Avg $800 / mth Will Peinado / Real Estate Broker North Carolina License Phone Number: will@dpwrealty.com

2 PORTFOLIO DESCRIPTION This is a 37 unit residential rental income portfolio of properties, which includes a mix of 23 Single Family Homes, 10 one side Duplex Apartments 3 two side Duplex Apartments and 1 upscale tri-level Townhome. These residential income properties are located within the metropolitan area of the city of Charlotte, North Carolina. The properties are considered to be in well established neighborhoods, with high demand for rental units. Most are located within minute drive from Uptown/Downtown Charlotte. Locations include areas at or near The Plaza, NC Music Factory, Druid Hills South, Near Uptown, JC Smith University, Biddleville, Nations Ford Rd, I-77, I-285, I-485 Age and construction types vary depending on location but most units include brick exterior, composition roof shingle, crawl space foundation, central heating and air conditioining and many have hardwood flooring. Average rental increases are currently ranging from 5%-10%. Overall vacancy rate lower than 5% per year Average vacancy perios is less than 30 days. Most tenancies extend beyond one year leases. The renewal rate is very high for all units. Most units renting below $1000 per month are rented without appliances. Not including appliances reduces the owner s ongoing and potential cost of maintenance Tenants are responsible for all utilities including electric, water and gas Tenants are responsible for lawn service Tenants are responsible for standard pest control Properties are managed by Real Estate Managers Inc on the web at

3 12 MONTH OPERATING BUDGET FORECAST Expected Gross Income for $ 353,550 (Based on Avg rental increases of 8% Management Fees (avg 5.0%) $ - 17,678 Repairs and Maintenance (Avg 6.0%) $ - 21,213 Capital Expenditures (Avg 4 %) $ -14,142 Property Taxes (2017) $ - 27,046 HOA Dues (est 2018) $ - 14,268 Insurance $ -10,483 Expected Net Operating Income $ 248,721 NOTES: EXPECTED ITEMS: Gross Income assumes an avg 8% yearly increase at time of renewal. Property taxes are actual figures for 2017 HOA dues are AVG for dues on duplex units & 1 townhome. Ssingle family homes don t have HOA dues Insurance assumes the use fire and landlord liability policies with higher deductibles ITEMS THAT MAY VARY BASED ON OWNER S DISCRETION Discretionary expenses may include management fees, capital expenditures and repairs and maintenance which are all based on owner s management strategy. Capital expenditures may include AC units, Water Heater or Roof Replacement (as needed) which new owner may opt to elect when these become necessary. ESTIMATED NET OPERATING INCOME The expected Net Operating Income for this portfolio results in a CAP Rate avg in the range of 5% - 6% based on actual purchase price. Properties are managed by Real Estate Managers Inc on the web at

4 Property Locations within City of Charlotte North Carolina

5 37 TOWNHOME-DUPLEX-SINGLE FAMILY RENTAL INCOME PORTFOLIO - FOR SALE Building Address Location Gross Monthly Rent Type Bed Bath 2017 Taxes 2018 HOA est HLA Chelton Ridge L Ballantyne Area $1, Townhome $1, $2, Highlake Dr The Plaza - Park Plaza $ Duplex $ $ Americana Ave The Plaza - Park Plaza $ Duplex $ $ Highlake Dr The Plaza - Park Plaza $ Duplex $ $ Highlake Dr The Plaza - Park Plaza $ Duplex $ $ Malibu Dr The Plaza - Park Plaza $ Duplex $ $ Malibu Dr The Plaza - Park Plaza $ Duplex $ $ Camrose Dr The Plaza - Park Plaza $ Duplex $ $ Camrose The Plaza - Park Plaza $ Duplex $ $ Camrose Dr The Plaza - Park Plaza $ Duplex $ $ Blendwood Dr The Plaza - Park Plaza $ Duplex $ $ Blendwood The Plaza - Park Plaza $ Duplex $ $ Blendwood Dr The Plaza - Park Plaza $ Duplex $ $ Camrose Dr The Plaza - Park Plaza $ Duplex $ $ Jonquil St. Billingsley / N Wendover Rd Area $ Single Family $ $ Cherrywood Ln SouthWest Charlotte I-77 Exit 4 $ Single Family $1, $ Cherrycrest Ln SouthWest Charlotte I-77 Exit 4 $1, Single Family $1, $ Glenrock Springfield I-77 Exit 5 $ Single Family $ $ Echodale Springfield I-77 Exit 5 $ Single Family $ $ Edgegreen Dr. Springfield I-77 Exit 5 $ Single Family $ $ Glenrock Dr. Springfield I-77 Exit 5 $ Single Family $ $ Glenrock Dr. Springfield I-77 Exit 5 $ Single Family $ $ Glenrock Dr. Springfield I-77 Exit 5 $ Single Family $ $ Edgegreen Springfield I-77 Exit 5 $ Single Family $ $ Fieldvale Pl. Springfield I-77 Exit 5 $ Single Family $ $ Fern Ave Uptown Area - Within 2 mile radius $ Single Family $ $ Polk St Uptown Area - Within 2 mile radius $1, Single Family $1, $ Norris Ave Uptown Area - Within 2 mile radius $ Single Family $ $ Norris Ave Uptown Area - Within 2 mile radius $ Single Family $ $ Norris Ave Uptown Area - Within 2 mile radius $ Single Family $ $ West Blv. Uptown Area - Within 2 mile radius $1, Single Family $ $ Norris Ave Uptown Area - Within 2 mile radius $ Single Family $ $ Norris ave Uptown Area - Within 2 mile radius $ Single Family $ $ Brewton Dr Uptown Area - Within 2 mile radius $ Single Family $ $ Clydesdale Ter Uptown Area - Within 2 mile radius $ Single Family $ $ Barringer Dr Uptown Area - Within 2 mile radius $ Single Family $ $ Mill Rd Uptown Area - Within 2 mile radius $ Single Family $ $ As of 6/1/18 $29, $27, $14, Expected Gross Income $ 353,550 DPW REALTY GROUP, INC - Will Peinado / Broker - will@dpwrealty.com - Tel

$2,500,000. Portfolio of 18 Residential Income Properties

$2,500,000. Portfolio of 18 Residential Income Properties ASKING $2,500,000 Portfolio of 18 Residential Income Properties TYPE: Income Property Portfolio Duplex Townhome Single Family DESCRIPTION: Ranging from 2 bedrooms to 4 bedrooms. Featuring locations between