Lansing Portfolio

Sold | $7,583,000

Units: 163 | Price Per Unit: $46,521 | Avg Sq Ft: 748 | GRM: 6.82 | DSC: 1.68 | Year 1 ROI: 6.77% | Listing Agent: Greg Coulter & JT Teringo

Executive Summary

Country Club Apartmentsis a well-maintained, quiet, Multi-Family community just off I-69 on the northside of Lansing Street as you head towards downtown Charlotte. These buildings were built in 1960 and contains 26 units. The property offers a diversified and extremely competitive unit mix comprised of 9 one-bedroom units with approximately 565 ft2 of living space, and 17 two-bedroom units with approximately 870 ft2 of living space. The landlord is responsible for the water, gas, and electric in the common areas. The building has electric radiant heating which the tenants are responsible for their own electric.