Multifamily
Fletcher Townhomes
26 Meadow Glen Ct, Fletcher, NC 28732
Listing Price: $2,800,000
Investment Overview
Marcus & Millichap is pleased to present the Fletcher Portfolio located in Fletcher, North Carolina. This portfolio includes 16 units across four buildings: Meadow Glen Apartments and Country Gardens Apartments, with two single-family homes all on contiguous parcels. The properties consist of 14 two bedroom, 1.5-bath units; one single-family, two-bedroom, 1.5-bath unit; and one one-bedroom, one-bath unit.
Meadow Glen and Country Gardens are strategically positioned just 14 miles from Downtown Asheville and 5 miles from the Asheville Regional Airport. This well-maintained portfolio provides a value-added opportunity through interior renovations to capture renter demand for renovated units in the Fletcher markets.
Continued growth within the Asheville market and solid employment gains continue to attract out-of state capital to the Western North Carolina market. Asheville’s geography, historic fabric, and thriving downtown have solidied the area as a major tourism and recreational hub for the Southeast. The Fletcher Portfolio’s positioning within the market will allow an investor the ability to implement a value-add strategy and substantially raise rents to reect the market rate, providing strong annual returns for this unique investment opportunity.
Fletcher Townhomes
Investment Highlights
- Value-Add Upside – Below-market rents and renovation potential offer significant income growth.
- High-Demand Market – Located in a high barrier-to-entry area near Asheville with strong rental demand.
- Strong Returns – 6.45% cap rate, $175K per unit, with potential to exceed 7.3% post-renovations.
- Prime Location – 14 miles from downtown Asheville and 5 miles from the airport, near key employment hubs.
- Stable & Growing Rents – 100% occupancy, with room for rent increases based on market comps.
Exclusively Listed By
Financing By
Listing Price: $2,800,000
Investment Highlights
- Value-Add Upside – Below-market rents and renovation potential offer significant income growth.
- High-Demand Market – Located in a high barrier-to-entry area near Asheville with strong rental demand.
- Strong Returns – 6.45% cap rate, $175K per unit, with potential to exceed 7.3% post-renovations.
- Prime Location – 14 miles from downtown Asheville and 5 miles from the airport, near key employment hubs.
- Stable & Growing Rents – 100% occupancy, with room for rent increases based on market comps.
Investment Overview
Marcus & Millichap is pleased to present the Fletcher Portfolio located in Fletcher, North Carolina. This portfolio includes 16 units across four buildings: Meadow Glen Apartments and Country Gardens Apartments, with two single-family homes all on contiguous parcels. The properties consist of 14 two bedroom, 1.5-bath units; one single-family, two-bedroom, 1.5-bath unit; and one one-bedroom, one-bath unit. Meadow Glen and Country Gardens are strategically positioned just 14 miles from Downtown Asheville and 5 miles from the Asheville Regional Airport. This well-maintained portfolio provides a value-added opportunity through interior renovations to capture renter demand for renovated units in the Fletcher markets. Continued growth within the Asheville market and solid employment gains continue to attract out-of state capital to the Western North Carolina market. Asheville’s geography, historic fabric, and thriving downtown have solidied the area as a major tourism and recreational hub for the Southeast. The Fletcher Portfolio’s positioning within the market will allow an investor the ability to implement a value-add strategy and substantially raise rents to reect the market rate, providing strong annual returns for this unique investment opportunity.
Exclusively Listed By
Financing By
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