Investment Overview

Charlemagne Apartments offers investors the opportunity to acquire a well-maintained and partially upgraded multifamily asset that delivers strong in-place cash flow from day one. The property is offered just below a 6.5% going-in cap rate and is supported by attractive five-year, fixed-rate, fully interest-only financing options, resulting in an almost 8% cash-on-cash return at acquisition. Additional upside remains through multiple value-add strategies. Completion of renovations on the two remaining units and the alignment of all rents to current market levels is projected to increase cash-on-cash returns to approximately 9.75%. Furthermore, the property features a basement level that may allow for the addition of two to three units, providing a compelling opportunity to significantly increase net operating income, enhance overall asset value, and create substantial additional equity.