Investment Overview

Marcus & Millichap is pleased to present the Fountain Hill Apartments in Charlotte, NC. The property is a 20-unit garden-style community, built in 1966, situated on 1.09 +/- acres, consists of nine, 1BD x 1B units and eleven, 2BD x 2B units, located at 1701 Remount Rd in a rapidly developing neighborhood minutes from the heart of South End. Conveniently located 1.7 miles from South End, 2.8 from Center City Uptown, 5 miles from Charlotte Douglas Airport, and adjacent to the redeveloped Westover Shopping Center. This property positions its residents’ minutes from all major employment, retail, restaurants, and entertainment that Charlotte has to offer. This asset offers a new investor the opportunity to implement an exterior and interior renovation program to achieve significant premiums in addition to stabilization and organic rent growth. With strong growth within the Charlotte market, the rent growth potential coupled with its location in this rapidly developing corridor of Charlotte, further adds to the attractiveness of this investment opportunity.