This 97 Home BFR in Charlotte, NC is a Build For Rent (BFR) investment opportunity consisting of 97 Build For Rent (BFR) Attached Single Family Residential Rental investment properties beginning construction on 1st Phase in January 2018. The rental subdivision is located just 5 miles northeast of Downtown Charlotte and 5.9 miles southwest of University of North Carolina. 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 6.47% has conservatively been modeled given market rents in the area. An investor should realize significant capital growth in the next few years given proximity to Downtown Charlotte, a major University, and 3 miles north of a new LYNX Blue Line Light Rail Extension.

This 97 Home Build For Rent (BFR) portfolio offers almost no capital expenditures for several years after occupancy. The Developer/Builder here is a seasoned Builder throughout the Southeastern United States with vast experience and is well known for quality & integrity. This BFR investment opportunity offers spacious floor plans throughout, all with 3-story 3 bed & 4 bed units & 2.5 baths. A majority(80%) come with single car garages. Finished with brick, shingle and vinyl exterior cladding, granite kitchen and bathroom counter tops, stainless steel appliances, chrome tapware, and carpet bedrooms. Rental rates for stabilized year 1 have been conservatively modeled at $1510 per month for these beautiful homes. Pre-Leasing can begin once homes are under construction and builder reaches certificate of occupancy. The first phase of homes should be delivered in Q3 of 2018, buyer can close escrow and move tenants in asap creating an immediate cash flow and return on your investment from day one!

Location Description:

Charlotte metro area is the 22nd largest metro area in the country and the 3rd fastest growing City in the United States, offering residents in this 97 BFR Investment Portfolio access to great employment hubs, such as Bank of America