170 Emery Avenue Nw (129 Unit Apartments) is a $14,900,000, 124,000 square foot, 220 bedroom home on a 8.20 acre lot located in Concord, NC.
Projected CAP rate = 8% to 9%. ..................Per research North Carolina is one of the 4 states in US to continue experice significant growth in next two decades. Charlotte MSA ( metro region) is going to experience growth for next two decades. Concord area ( which is part of Charlotte MSA) is expected to grow at a ate of 34% or more in next decade! This 129 Unit, 4 block aparments for $15 million is a killer deal for any investors. Swimming pool, park, club house.
|Above Grade Sqft||124,000|
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