The Canterbury Crossing in Gastonia, NC is a Build For Rent (BFR) investment opportunity consisting of 36 Build For Rent (BFR) Attached Single Family Residential Rental investment properties soon to begin construction. The rental subdivision is located in Gastonia, the second largest city within the Charlotte metro area and a only 20 minute drive to Downtown Charlotte. These quality new build homes for rental investment features an opportunity for Buyer to purchase homes at Certificate of Occupancy and place tenants prior to completion so the investment is immediately cash flowing. Stabilized Year I Cap Rate of 6.89% has conservatively been modeled given market rents in the area. There is little to no new build competition in the area and rental demand is anticipated to be very high.

The Canterbury Crossing Build For Rent (BFR) portfolio offers almost no capital expenditures for several years after occupancy. The Developer/Builder here is a seasoned Builder, with fast experience in the southeastern region of the country and is well known for quality & integrity. Canterbury Crossing offers spacious floor plans throughout, with 2-story 3 bed and 2 bath units with single car garages. Finished with brick, shingle and vinyl w/b exterior cladding, granite kitchen and bathroom counter tops, stainless steel appliances, chrome tapware, and carpet bedrooms. Rental rates year 1 are projected at $1550 per month for these beautiful homes. Pre-Leasing can begin is once homes are under construction and once builder reaches certificate of occupancy first block of homes, buyer can close escrow and move tenants in asap creating an immediate cash flow and return on your investment from day one!

Local broker of record is Thomas J. McMahon, CCIM, SVN Commercial Real Estate Advisors, 9901 West Catawba Ave, Suite 102, Charlotte, NC 28031

Location Description:

Charlotte metro area is the 22nd largest metro area in the country, offering residents in Canterbury Crossing access to great employment hubs, such as Bank of America