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Apartments For Sale • 13,712 SF
| Seven (7) First-Floor Commercial Retail Spaces and Nine (9) Two-Story Residential Loft Units |
| Annual Rent Bumps of 3% will Full PRS Reimbursement & WALT of 5.5 Years from Retail Leases |
| Average Unit Size: 1,120 SF & Commercial: 552 SF |
| Residential Unit Mix: (2) One Bed/One Bath & (7) Two Bed/1.5 Bath Units |
| Current Avg Rent: $2,388 | Market Stabilized Rent: $2,436 (Retail + Residential Rent) |
| Current Year-1 Tax-Adjusted Cap Rate: 6.00% | Stabilized Cap Rate: 6.46% |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Gastonia Amtrak Station (Crescent - Amtrak) | 14 min | - | 9.1 mi |
| Airport | Drive | Walk | Distance |
| Charlotte/Douglas International | 20 min | - | 7.8 mi |
| Concord-Padgett Regional | 35 min | - | 25.5 mi |
