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The Reserve at Mallard Creek 10701 Mallard Creek rd 34 Unit Apartment Building $13,600,000 ($400,000/Unit) 5% Cap Rate Charlotte, NC 28262
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,020,000
|
$15.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$51,000
|
$0.77
|
| Effective Gross Income |
$969,000
|
$14.62
|
| Taxes |
$108,800
|
$1.64
|
| Operating Expenses |
$180,000
|
$2.71
|
| Total Expenses |
$288,800
|
$4.36
|
| Net Operating Income |
$680,200
|
$10.26
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $1,020,000 |
| Annual Per SF | $15.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $51,000 |
| Annual Per SF | $0.77 |
| Effective Gross Income | |
|---|---|
| Annual | $969,000 |
| Annual Per SF | $14.62 |
| Taxes | |
|---|---|
| Annual | $108,800 |
| Annual Per SF | $1.64 |
| Operating Expenses | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $2.71 |
| Total Expenses | |
|---|---|
| Annual | $288,800 |
| Annual Per SF | $4.36 |
| Net Operating Income | |
|---|---|
| Annual | $680,200 |
| Annual Per SF | $10.26 |
PROPERTY FACTS
| Price | $13,600,000 | Apartment Style | Townhome |
| Price Per Unit | $400,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.31 AC |
| Cap Rate | 5% | Construction Status | Under Construction |
| No. Units | 34 | Building Size | 66,300 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Price | $13,600,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 3.31 AC |
| Construction Status | Under Construction |
| Building Size | 66,300 SF |
| No. Stories | 3 |
| Year Built | 2026 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Wi-Fi
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Wi-Fi
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3.5 | 34 | $2,550 | 1,904 - 1,950 |
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The Reserve at Mallard Creek | 10701 Mallard Creek rd
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