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Multifamily

Fountain Hills & Saratoga Park

1701 Remount Rd, Charlotte, NC 28208

Listing Price: Request For Offer

Number of Units
40
Occupancy
82.9%
Gross SF
29,563

Investment Overview

Saratoga Park Marcus & Millichap is pleased to present, to qualified investors, the opportunity to acquire Saratoga Park Apartments in Charlotte, North Carolina. Built in 1989, this 20 unit asset is comprised of 15 two bedroom / one bathroom units and 5 three bedroom / one bathroom units. There is an adjacent parcel and house that total 1.68 acres (including the apartments) must be sold with this property as well. New ownership has the opportunity to acquire a below market asset in a growing corridor of West Charlotte. Through implementation of exterior and interior renovations, the investor will be able to push rents 15-20% in the first 12-18 months. Fountain Hills Marcus & Millichap is pleased to present, to qualified investors, the opportunity to acquire Fountain Hills Apartments. Fountain Hills is a 20-unit garden style community that consists of nine, 1 bedroom/1 bath units and eleven, 2 bedroom/1 bath units. The community was constructed on 1.09 acres in 1966, and the property had renovations completed in 2005 on all 3 brick buildings which all total up to 15,136 square feet. 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. Fountain Hills positions residents’ minutes from all major employment centers, retail, restaurant, and entertainment drivers. It is conveniently located 5 miles to Charlotte Douglas Airport, 1.7 miles to the heart of south end, 2.8 miles to the center of uptown Charlotte and adjacent to the community is the redeveloped Westover Shopping Center.

Investment Highlights

  • Desirable Mix Of 1, 2, & 3 Bedroom Units
  • Significantly Below Market Rents
  • Organic Future Rent Growth

Exclusively Listed By

Multifamily

Fountain Hills & Saratoga Park

Listing Price: Request For Offer

Number of Units
40
Occupancy
82.9%
Gross SF
29,563

Investment Highlights

  • Desirable Mix Of 1, 2, & 3 Bedroom Units
  • Significantly Below Market Rents
  • Organic Future Rent Growth

Investment Overview

Saratoga Park Marcus & Millichap is pleased to present, to qualified investors, the opportunity to acquire Saratoga Park Apartments in Charlotte, North Carolina. Built in 1989, this 20 unit asset is comprised of 15 two bedroom / one bathroom units and 5 three bedroom / one bathroom units. There is an adjacent parcel and house that total 1.68 acres (including the apartments) must be sold with this property as well. New ownership has the opportunity to acquire a below market asset in a growing corridor of West Charlotte. Through implementation of exterior and interior renovations, the investor will be able to push rents 15-20% in the first 12-18 months. Fountain Hills Marcus & Millichap is pleased to present, to qualified investors, the opportunity to acquire Fountain Hills Apartments. Fountain Hills is a 20-unit garden style community that consists of nine, 1 bedroom/1 bath units and eleven, 2 bedroom/1 bath units. The community was constructed on 1.09 acres in 1966, and the property had renovations completed in 2005 on all 3 brick buildings which all total up to 15,136 square feet. 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. Fountain Hills positions residents’ minutes from all major employment centers, retail, restaurant, and entertainment drivers. It is conveniently located 5 miles to Charlotte Douglas Airport, 1.7 miles to the heart of south end, 2.8 miles to the center of uptown Charlotte and adjacent to the community is the redeveloped Westover Shopping Center.

Exclusively Listed By

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