The Oakview Commons in Salisbury, NC is a Build For Rent (BFR) investment opportunity consisting of 24 Build For Rent (BFR) Single Family Residential Rental investment properties soon to begin construction. The rental subdivision is located in Salisbury, which is roughly equidistant between Charlotte & Greensboro, though still falls into the greater Charlotte Metro MSA. Salisbury is only a 40 minute drive to downtown Charlotte, but offers residents a cool country feel outside the hustle & bustle of the big city. Salisbury is home to the supermarket giant Food Lion, which employs roughly 2,200 residents. Salisbury also has a thriving arts scene, great downtown filled with local entrepreneurs, shops, breweries, restaurants, and night life entertainment. 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 5.90% has conservatively been modeled given market rents in the area.

The Oakview Commons Build For Rent (BFR) portfolio offers almost no capital expenditures for several years after occupancy. The Developer/Builder here is a seasoned Builder, with vast experience in the southeastern region of the country and is well known for quality & integrity. Oakview Commons offers spacious floor plans throughout, all homes are 2-story 4 bed and 2.5 bath homes with double car garages. Homes come with quality finishes inside & out, with shingle and vinyl exterior cladding, granite kitchen and bathroom counter tops, stainless steel appliances, chrome tapware, and carpet bedrooms. Rental rates year 1 are projected at $1595 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!

Location Description:

Salisbury is First US city to have 10 gigabit/second internet fiber capacity and is part of the Charlotte metro area, the 22nd largest metro area in the country and the 3rd fastest growing City in the United States. Residents in this 24 Home BFR Investment Portfolio have access to great employment hubs, such as Bank of America