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THE NEVIN

THE NEVIN

Multifamily

55

Units 

Charlotte

NC

28269

Sale or Joint Venture

Proposed For 

Multi Rent to Condo

Updated

Investment Summary

Asking Price 

Proposed Offer Price

Proposed Use 

Proposed Unit Sale/Rent

Proposed total Cost

Projected Net

Projected ROI

Proposed Hold Period

Asking Cap Rate

Projected IRR

Make Offer

$4,165,920

179%

10%

38%

Rental to Condo

$138,975

$6,699,942

$1,851,216

3 Yrs

Project Summary

The AP Deal Room Presents:


55 Unit Multifamily for Conversion to Condominium with 179% ROI, 38% IRR Potential @ a proposed purchase cap of 10%.  In the last 90 days the subject community of the Charlotte NC MSA has experienced 8 Condominium home sales with an average per square foot value of $151 and an average resale value of $197,333. 

More than 70% the units sold within 30 days of hitting the market.  Low interest rates, limited single family home supply and growing population continue to fuel a significant demand for an alternative home ownership options. Condominium and Collective housing conversion of Rental Apartments meets this demand. It appears that at the present rate, there does not appear to be an immediate end in sight.  These facts are why we believe This Property is a unique offering for your purchase consideration and the numbers speak for themselves.

For more information and supporting financials please review our proposed acquisition and development plan @ www.apdealroom.com.

For the opportunity to review this project offering please review and agree to the terms of our project review agreement.

 

More Info About

The ARELA PARTNERS

THE ARELA PARTNERS  Real Estate and Business Development group has been changing lives Since the year 2000. We have provided our clients with top of the line home development and renovation services that are customized to their specific needs and requirements. 

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