• 2231 Kilborne Dr, Charlotte, NC 28205

For Sale

Multi-Family

For Sale

This property is available for sale
270,838
SF
$37,999,000
Sale Price
  • Year Built
    2018
  • Overview

    Charlotte is considered a premier hospitality and entertainment destination with 11 million visitors annually. Not only is the area home to the Carolina Panthers and the Charlotte Hornets, but it is also filled with venues for large and small events, local dives, acclaimed restaurants, craft breweries, retail and more! Uptown Charlotte was ranked #1 of the 10 busiest submarkets for construction & growth in 2016. And for good reason, as Charlotte metro area is the 22nd largest metro area in the country and the 3rd fastest growing City in the United States. This BFR Investment Portfolio offers residents access to great employment hubs, such as Bank of America’s Corporate Headquarters & Wells Fargo’s corporate east coast operations. As well as the Charlotte Douglas International Airport, the 5th busiest in the U.S. & 7th busiest international airport in the world. In 2016 Forbes rated Charlotte the 16th Best Place to have a business or career in America. The Charlotte metro area has been experiencing significant growth in the last 15 years, which bodes well for the continued success of this investment portfolio. Job growth in the area has seen a 5% increase year over year from 2015 to 2016. This should not be surprising considering Charlotte has the 2nd largest financial center in the U.S., as well as NASCAR’s thriving motorsports industry, and 12 of Forbes top 500 companies have their headquarter offices here in Charlotte, contributing to the $125.7 Billion GDP in 2015. • 175 New Home Four Community Build For Rent (BFR) Investment Portfolios • Excellent Year 1 Stabilized Cap Rate of 6.19% with Zero Cap Ex • Exceptional Stabilized Year I IRR of 32.08% • Homes are 2, 3 & 4 BD/2 - 3 BA Homes Averaging 1548/SF with Quality Finishes Throughout • Large Barriers to Entry • Charlotte Metro Area is the 22nd Largest Metro area in the Country & the 3rd Fastest Growing City in the United States • 5% Job Growth Year Over Year from 2015 to 2016 • 12 of Forbes Top 500 Companies Have Their Headquarters in Charlotte • Forbes Rated Charlotte the 16th Best Place to Have a Business or Career in America in 2016 • Experienced Regional Builders Provides Homes at Certificate of Occupancy (C.O.) • Builders Warranty on Brand New Homes with Greatly Reduced Capital Expenditure Reserves for Nearly 5 Years with Package Warranty Deal on Big Ticket Items.

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Property Details

Four Communitiies - 175 Home - Charlotte Build For Rent (BFR) investment Portfolio

Charlotte is considered a premier hospitality and entertainment destination with 11 million visitors annually. Not only is the area home to the Carolina Panthers and the Charlotte Hornets, but it is also filled with venues for large and small events, local dives, acclaimed restaurants, craft breweries, retail and more! Uptown Charlotte was ranked #1 of the 10 busiest submarkets for construction & growth in 2016. And for good reason, as Charlotte metro area is the 22nd largest metro area in the country and the 3rd fastest growing City in the United States. This BFR Investment Portfolio offers residents access to great employment hubs, such as Bank of America’s Corporate Headquarters & Wells Fargo’s corporate east coast operations. As well as the Charlotte Douglas International Airport, the 5th busiest in the U.S. & 7th busiest international airport in the world. In 2016 Forbes rated Charlotte the 16th Best Place to have a business or career in America. The Charlotte metro area has been experiencing significant growth in the last 15 years, which bodes well for the continued success of this investment portfolio. Job growth in the area has seen a 5% increase year over year from 2015 to 2016. This should not be surprising considering Charlotte has the 2nd largest financial center in the U.S., as well as NASCAR’s thriving motorsports industry, and 12 of Forbes top 500 companies have their headquarter offices here in Charlotte, contributing to the $125.7 Billion GDP in 2015. • 175 New Home Four Community Build For Rent (BFR) Investment Portfolios • Excellent Year 1 Stabilized Cap Rate of 6.19% with Zero Cap Ex • Exceptional Stabilized Year I IRR of 32.08% • Homes are 2, 3 & 4 BD/2 - 3 BA Homes Averaging 1548/SF with Quality Finishes Throughout • Large Barriers to Entry • Charlotte Metro Area is the 22nd Largest Metro area in the Country & the 3rd Fastest Growing City in the United States • 5% Job Growth Year Over Year from 2015 to 2016 • 12 of Forbes Top 500 Companies Have Their Headquarters in Charlotte • Forbes Rated Charlotte the 16th Best Place to Have a Business or Career in America in 2016 • Experienced Regional Builders Provides Homes at Certificate of Occupancy (C.O.) • Builders Warranty on Brand New Homes with Greatly Reduced Capital Expenditure Reserves for Nearly 5 Years with Package Warranty Deal on Big Ticket Items.

  • Property Type
    Multi-Family
  • Submarket
  • Year Built
    2018
  • Sale Price
    $37,999,000
  • Total Building Size
    270,838RSF
  • Sale Status
    Available
  • Property ID
    2004563

Landlord's Sales Representatives

  • Michael Finch
    SVN | SFRhub Advisors
     
  • Jeff Cline
    Sperry Van Ness
     
  • Thomas McMahon, CCIM
    Sperry Van Ness