North Carolina Multi-Family For Sale

Village Terrace has an excellent rental history. It was built in 1985 and has 20 units. Many improvements have been made by the current owner, such as, new shingles on Building A & C (Building B shingles are scheduled for replacement as well), new shutters, replacement of exterior columns, all new exterior lighting, power washed, newly painted entrance stairwells, etc. As units have turned over to new tenants, owners have made updates-new flooring, paint, light fixtures, new bathroom vanities, appliances, etc. All 20 units have their own stackable washer/dryer. Rents have increased under current owners/new property management, with the potential for more increases. Once remaining apartments are up to $825/month, the CAP rate would be around 6.97%. Unit Information: 20 units 2 Bed/1 Bath 652 SF (Avg) $770.00 $/SF/Month (Avg) Owner is Broker.

Located in Northgate in City of Durham

Located at 2709 Fayetteville Street, with access to the American Tobacco Trail less than 2 blocks away, NCCU, downtown Durham, RTP, & so much more just a few miles away! TWO TOWNHOMES FOR SALE IN DURHAM - COVE TOWNES. Each townhome is thoughtfully laid out, with an open concept great room on the lower level, and bedrooms on the second level. The main bedroom has a custom walkthrough dressing room as the master closet. Timeless design elements are included throughout the home, including a white brick front of the home, white shaker style kitchen cabinets, red oak hardwood flooring, and stainless steel hardware. The Cove is less than 10 minutes drive to Downtown Durham, plus easy access to local universities, freeways to anywhere in the Triangle, and less than 20 minutes to the airport. Plus you are a block and a half away from the American Tobacco Trail – providing access to over 22 miles of trails! Be sure to watch this video (https://tinyurl.com/Cove-Townes) for a sneak peek of your new townhome!

Located in Hillsborough, a historic town centrally located in North Carolina with fast access to the Triad and other Triangle cities. Interstate 85 runs through the town, and Interstate 40 is just south of its limits. Real Estate Associates, Inc. as exclusive listing agent, is pleased to present the opportunity to acquire an 8-unit apartment complex in the inviting Triangle suburb of Hillsborough, North Carolina. This rare value-add opportunity would be an ideal acquisition for a new investor or for a local investor looking to add to their portfolio. The property is a five-minute drive from Hillsborough’s downtown district, where the town’s historic buildings have been converted into numerous restaurants, bars, and eclectic shops.

Walking distance from Hillsborough St. and Gorman St. in between the campuses of Meredith University and NC State University. Income producing, specialized, investment property in a high density, rental community near NC State and Meredith Universities. The opportunity also includes an adjacent lot available for development. Properties will only be sold as a package.

Located in the heart of Cullowhee, North Carolina, with a population of approximately 9,500 people. The property is within walking distance to Western Carolina University with an enrollment of over 9,000 students. The ideal location of this property contributes to an excellent rental history. The subject property is approximately six miles from Sylva and 40 minutes from Asheville. *The information contained herein was obtained from sources deemed to be reliable. However, SVN/Blackstream, LLC. makes no guarantees, warranties, or representations as to the completeness or accuracy thereof.

Located on River Road, nearest highway is Buffalo Road, 1/4 mile away. 1 Mile from Hwy 70 (I-42). Great investment property. Buffalo Road nearby with traffic count of 12,000. Two triplexes, 1 house. New roofs, new vinyl windows in triplexes, new HVAC systems in 4 of 6 units within last 3 years. Downtown Smithfield & Selma nearby. Property is in front of an established mobile home park. Great investment property. Tenants have been in place for years.

Excellent opportunity to acquire stable multifamily housing! Property enjoys great visibility from US HWY 17. This property would make an excellent value-add project. 100% occupancy will allow for a wide variety of lending options. Contact broker for more information.

Located in the Heart of West Asheville, a half mile to Haywood Rd and Carrier Park and five minutes to downtown and the River Arts District. These brand new townhomes are centered in the hub of the hottest real estate area in Asheville. Two brand new townhomes with upgrades throughout, located in the Heart of Asheville, NC. These are two vacant units.

Close to Downtown Cary and surrounding area, this Triplex is perfectly situated for future development in the Cary Market. Rent growth can be achieved due to stagnant rents; ownership has raised rent on the 906 unit due to recent upgrades. Prior tenant was not a fit but we expect to lease the unit shortly. Beautiful Triplex close to Downtown Cary on a major thoroughfare. Chatham Street provides great access to both Downtown Cary as well as local highways to allow for easy transportation to points west. Less than 5 minutes from Buffaloe Lanes Bowling, Fortnight Brewing Company, multiple houses of worship including St. Paul's Episcopal, and Maynard Crossing Shopping Center Showing will take place on August 29th.

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.

Sitting on a mountainside along I-40, site is just minutes from Pisgah National Forest to the east and 20 minutes to the west is Asheville and all the sites and culture it affords. Fantastic offering of a manufactured home park built out with POHs to maximize income/NOI in a high-cost living area. Professional MHP developer/operator moved from California to rebuild this park over the last few years. Significant investment capital has been poured in to this redevelopment effort. Owner cannot keep up with demand. 53 lots currently built out, the remaining 12 lots can be leased out with renovated homes (5) or new homes (up to 12) or lot rent (up to 12).

168 Lancaster Rd, Forest City, NC 28043 - 27 Mobile home lots - 5 Park-owned mobile homes - Septic tanks and well water - Only 5 lots currently leased, so Park provides great upside *The information contained herein was obtained from sources deemed to be reliable. However, SVN Blackstream, LLC makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. This is not an appraisal.

Timberview Mobile Home Park 964 Loflin Hill Rd., Trinity, NC 27370 Statesville Mobile Home Park 116 Yellowstone Lane, Statesville, NC 28687 Northside Mobile Home Park 388 Pleasant Grove Church Rd, Thomasville, NC 27360 Green Mountain Mobile Home Park 808 Nuway Circle, Lenoir, NC 28645 Delta Group LLC in association with JDS Real Estates Services, Inc. is pleased to present for sale this immaculate mobile home park portfolio located in North Carolina. The portfolio consists of four parks that are located within a 30-minute radius of each other and less than a 90-minute drive from Charlotte, North Carolina. All of the parks are in great condition and none of them currently have any deferred maintenance. The portfolio is near fully occupied with slightly below market rents. Between the four parks, there are currently 11 vacant pads with 39 additional pads which have been approved for development. Green Mountain Mobile Home Park is the park that has 39 additional lots to be developed. Owners prefer to sell entire portfolio as a whole however we will entertain offers on individual parks.

Midway Park is located within the City of Jacksonville. The Collins Estates Mobile Home Park is located within the Midland Park School District. Situated close to Hwy 24, and within 1 mile of shopping and a local grocery store within walking distance. The community is less than four miles from Camp Lejeune Marine Corps base. The distance to water is 1.7 miles!

Sunny Acres Mobile Home Park is located in Hickory, NC. The Park is in a private setting at the back of a residential neighborhood, while still being conveniently located less than 10 minutes from Walmart and I-40. Catawba Counties Top 5 Largest Employers are all within a 5-mile radius of Sunny Acres Mobile Home Park. SVN | Blackstream is excited to offer this immaculately maintained 20 unit mobile home park. The is ideally situated on nearly 6 acres and offers room for expansion. The location is easily accessible by all paved frontage and is less than a 5 minute drive to all conveniences like restaurants, grocers and gas stations. This park is well established with long time tenants. 2 of the homes are owned and by the park, the others are renting lots.

3 Park Portfolio. Starnes and Crawford MHPs are located directly across the street from one another in Hickory, NC ( Combined 44 units and 2 house). White Oak MHP is located approximately 1 hour away in Kings Mountain, NC right at the NC/SC state boarder (20 units). SVN

Salisbury is First US city to have 10 gigabit/second internet fiber capacity and is part of the Charlotte metro area, the 22nd largest metro area in the country and the 3rd fastest growing City in the United States. Residents in this 24 Home BFR Investment Portfolio have 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 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 motor sports industry, and 12 of Forbes top 500 companies have their headquarter offices here in Charlotte, contributing to the $125.7 Billion GDP in 2015. The Oakview Commons in Salisbury, NC is a Build For Rent (BFR) investment opportunity consisting of 24 Build For Rent (BFR) Single Family Residential Rental investment properties soon to begin construction. The rental subdivision is located in Salisbury, which is roughly equidistant between Charlotte & Greensboro, though still falls into the greater Charlotte Metro MSA. Salisbury is only a 40 minute drive to downtown Charlotte, but offers residents a cool country feel outside the hustle & bustle of the big city. Salisbury is home to the supermarket giant Food Lion, which employs roughly 2,200 residents. Salisbury also has a thriving arts scene, great downtown filled with local entrepreneurs, shops, breweries, restaurants, and night life entertainment. These quality new build homes for rental investment features an opportunity for Buyer to purchase homes at Certificate of Occupancy and place tenants prior to completion so the investment is immediately cash flowing. Stabilized Year I Cap Rate of 5.90% has conservatively been modeled given market rents in the area. The Oakview Commons Build For Rent (BFR) portfolio offers almost no capital expenditures for several years after occupancy. The Developer/Builder here is a seasoned Builder, with vast experience in the southeastern region of the country and is well known for quality & integrity. Oakview Commons offers spacious floor plans throughout, all homes are 2-story 4 bed and 2.5 bath homes with double car garages. Homes come with quality finishes inside & out, with shingle and vinyl exterior cladding, granite kitchen and bathroom counter tops, stainless steel appliances, chrome tapware, and carpet bedrooms. Rental rates year 1 are projected at $1595 per month for these beautiful homes. Pre-Leasing can begin is once homes are under construction and once builder reaches certificate of occupancy first block of homes, buyer can close escrow and move tenants in asap creating an immediate cash flow and return on your investment from day one!

Less than 1/2 mile from I 40 and less than 10 minutes from downtown, UNC-Greensboro and the Greensboro Coliseum Complex, Spring Manor Apartments are well positioned to attract tenants who need close access to the heart of Greensboro. This property also benefits from close proximity to retail and shopping along Randleman Road and South Eugene Street. The property backs up to tranquil neighborhood and Park. Rare, tremendous upside opportunity for value-add investor in Greensboro, North Carolina. Spring Manor Apartments is the hard-to-find opportunity to create exceptional cash flow and value by re-positioning the property. Due to poor management and underfunding, this complex was foreclosed in 2016, Current ownership has overseen the removal of all non-paying/late-paying tenants and has addressed all outstanding code issues. Occupancy has recently been increased to 39%. Approximately $10,000 per unit is needed for renovation and upgrade to normal market standard. Upon stabilization (estimated at 3 years), the property could generate an unleveraged cash on cash return of 10+% and an unleveraged IRR of 15%+. Adding appropriate leverage could push these returns measurably higher. Please execute CA and discuss with broker this unique opportunity.

Located on Oakridge Farm Highway, minutes from the intersection of Hwy 150 & 152. existing mobile home park for sale. Excellent redevelopment project