Multifamily
Southside
626 9th St SW, Hickory, NC 28602
Listing Price: Request For Offer
Investment Overview
Marcus and Millichap is pleased to present The Catawba Portfolio in Hickory, NC. Consisting of 301 units situated throughout eight properties, the portfolio contains an appealing and diverse array of floorplans, all centrally located around Hickory. With several value-add initiatives already in process or completed, the properties offer new ownership the ability to leverage recent capital improvements, providing exceptional returns and proven rent growth. Additional upside opportunity also exists through organic rent growth and increasing rents to match those of competing properties within the submarket.
The Hickory multifamily market has experienced significant growth over the last several years, fueled by its proximity to Charlotte and residents seeking an economical alternative to higher priced rental rates seen within surrounding markets. This growth is projected to continue as Hickory’s economy has been influenced by similar patterns, rapidly transforming from a smaller, separate economy to a popular Charlotte submarket alternative for manufacturing, communication, data, and logistics. As the Hickory market continues to expand and gain national investor prominence, The Catawba Portfolio is perfectly positioned to leverage this growth opportunity moving forward.
Southside
Investment Highlights
- Centrally Located Communities with Easy Accessibility to the Region's Top Economic Generators, Retail, Restaurants, Interstates, and Schools.
- Numerous Upside Opportunities Through Increasing Rents to Submarket Levels and Continuation of Value-Add Initiatives
- Attractive Unit Mix Combined with a Wide Variety of Floorplans
- Ability to Assume Attractive, Low-Interest Rate Debt or Secure New Financing with Minimal Prepayment Penalties
Listing Price: Request For Offer
Investment Highlights
- Centrally Located Communities with Easy Accessibility to the Region's Top Economic Generators, Retail, Restaurants, Interstates, and Schools.
- Numerous Upside Opportunities Through Increasing Rents to Submarket Levels and Continuation of Value-Add Initiatives
- Attractive Unit Mix Combined with a Wide Variety of Floorplans
- Ability to Assume Attractive, Low-Interest Rate Debt or Secure New Financing with Minimal Prepayment Penalties
Investment Overview
Marcus and Millichap is pleased to present The Catawba Portfolio in Hickory, NC. Consisting of 301 units situated throughout eight properties, the portfolio contains an appealing and diverse array of floorplans, all centrally located around Hickory. With several value-add initiatives already in process or completed, the properties offer new ownership the ability to leverage recent capital improvements, providing exceptional returns and proven rent growth. Additional upside opportunity also exists through organic rent growth and increasing rents to match those of competing properties within the submarket. The Hickory multifamily market has experienced significant growth over the last several years, fueled by its proximity to Charlotte and residents seeking an economical alternative to higher priced rental rates seen within surrounding markets. This growth is projected to continue as Hickory’s economy has been influenced by similar patterns, rapidly transforming from a smaller, separate economy to a popular Charlotte submarket alternative for manufacturing, communication, data, and logistics. As the Hickory market continues to expand and gain national investor prominence, The Catawba Portfolio is perfectly positioned to leverage this growth opportunity moving forward.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
