The Block Apartments
Updated: May 20
2700 Eastway Dr, Charlotte, NC 28205
They finished renovations, raised 80% of the rents & have a significantly higher NOI now.
At the same CAP of 6.3% Price $14,000,000 PLUS 3% 125 unit's 3 stories 2700 East Way Dr, Charlotte NC 28205 Unit Mix 1beds-1bath's 2beds-1bath's, 2beds-2bath's 4 units that are 3beds 1bath Lot size 3.53 Building size 107,000 Building class C Apartment style Garden 95 + % occupied June 2018: $112,270 May 2019: $120,760 Rent between: $700- $1,185 The rent roll & Cashflow for 12 month is attached below Cap rate: (8 Proforma) 6.3 Actual According to Cash Flow attached below Condition is great $1.3m in renovations sheet of the rehab below Nice neighborhood
Seller just lowered the asking price to 14M
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