THE NEVIN

THE NEVIN

Multifamily

55

Units 

Charlotte

NC

28269

INVESTMENT

Proposed For 

Multi Rent to Condo

Updated

April 22, 2021

Investment Summary

Minimum Investment

Proposed Offer Price

Proposed Use 

Proposed Unit Sale/Rent

Proposed total Cost

Projected Net

Projected ROI

Proposed Hold Period

Offer Cap Rate

Projected IRR

$25,000

$4,165,920

$138,975

$6,699,942

$1,851,216

179%

3 Yrs

10%

38%

Rental to Condo

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 investment consideration and the numbers speak for themselves.

For more information and supporting financials please review our proposed Offering Memorandum.

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