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1535 Rocky River W rd - Newly built Townhomes near UNCC (Stabilized) 11 Unit Apartment Building Offered at $4,200,000 at a 5% Cap Rate Charlotte, NC 28213
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$300,000
|
$14.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$15,000
|
$0.71
|
| Effective Gross Income |
$285,000
|
$13.57
|
| Taxes |
$38,000
|
$1.81
|
| Operating Expenses |
$37,500
|
$1.79
|
| Total Expenses |
$75,500
|
$3.60
|
| Net Operating Income |
$209,500
|
$9.98
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $14.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $0.71 |
| Effective Gross Income | |
|---|---|
| Annual | $285,000 |
| Annual Per SF | $13.57 |
| Taxes | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $1.81 |
| Operating Expenses | |
|---|---|
| Annual | $37,500 |
| Annual Per SF | $1.79 |
| Total Expenses | |
|---|---|
| Annual | $75,500 |
| Annual Per SF | $3.60 |
| Net Operating Income | |
|---|---|
| Annual | $209,500 |
| Annual Per SF | $9.98 |
Property Facts
| Price | $4,200,000 | Property Type | Multifamily |
| Price Per Unit | $381,818 | Apartment Style | Townhome |
| Sale Type | Investment | Building Size | 21,000 SF |
| Cap Rate | 5% | No. Stories | 3 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 2025 |
| No. Units | 11 |
| Price | $4,200,000 |
| Price Per Unit | $381,818 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 11 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 21,000 SF |
| No. Stories | 3 |
| Year Built | 2025 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3.5 | 11 | $2,325 | 1,980 |
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1535 Rocky River W rd - Newly built Townhomes near UNCC (Stabilized)
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