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Multifamily

Hickory 120 Portfolio

Multiple locations, Hickory, NC 28601

Listing Price: Request For Offer

Number of Units
120
Occupancy
94.0%
Gross SF
82,650

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Quail Ridge Apartments in Hickory, NC. These apartments offer investors the unique opportunity to capitalize on this highly profitable asset. Rents are well below market rents offering investors an opportunity for significant rental increases, enabling an increased NOI as soon as year one. By modernizing interior upgrades and organic rent growth any investor has the potential to match rents with other properties within the submarket. The Hickory NC multifamily market continues to experience significant growth, fueled by its proximity to Charlotte and residents seeking an economical alternative to the higher-priced rental rates seen within surrounding markets. Hickory’s economy has been influenced by similar patterns seen in Charlotte, rapidly transforming from a smaller, separate economy to a popular Charlotte sub-market and an alternative for manufacturing, communication, and logistics. As the Hickory market continues to expand and gain national investor prominence, The Quail Ridge Apartments are perfectly positioned to leverage this high-growth opportunity.

Investment Highlights

  • Premier Suburban Location with Easy Accessibility to the Region's Top Economic Generators, Retail, Restaurants, and Entertainment.
  • Proven Organic Rent Growth Potential Coupled with the Opportunity to Implement a Programmatic Interior Upgrade Program.
  • Rapid Employment Growth & Affordability in the Hickory Market has Made it an Attractive Market for Investors.

Exclusively Listed By

  • Jim Davis

    First Vice President Investments

    (336) 554-9021

    Email Jim

    License(s): NC: 187177, SC: 81764

    Greensboro

  • Nate McDaniel

    Senior Vice President Investments

    (704) 831-4638

    Email Nate

    License(s): SC: 96405, NC: LC539, GA: 388003

    Charlotte Uptown

Multifamily

Hickory 120 Portfolio

Listing Price: Request For Offer

Number of Units
120
Occupancy
94.0%
Gross SF
82,650

Investment Highlights

  • Premier Suburban Location with Easy Accessibility to the Region's Top Economic Generators, Retail, Restaurants, and Entertainment.
  • Proven Organic Rent Growth Potential Coupled with the Opportunity to Implement a Programmatic Interior Upgrade Program.
  • Rapid Employment Growth & Affordability in the Hickory Market has Made it an Attractive Market for Investors.

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Quail Ridge Apartments in Hickory, NC. These apartments offer investors the unique opportunity to capitalize on this highly profitable asset. Rents are well below market rents offering investors an opportunity for significant rental increases, enabling an increased NOI as soon as year one. By modernizing interior upgrades and organic rent growth any investor has the potential to match rents with other properties within the submarket. The Hickory NC multifamily market continues to experience significant growth, fueled by its proximity to Charlotte and residents seeking an economical alternative to the higher-priced rental rates seen within surrounding markets. Hickory’s economy has been influenced by similar patterns seen in Charlotte, rapidly transforming from a smaller, separate economy to a popular Charlotte sub-market and an alternative for manufacturing, communication, and logistics. As the Hickory market continues to expand and gain national investor prominence, The Quail Ridge Apartments are perfectly positioned to leverage this high-growth opportunity.

Exclusively Listed By

  • Jim Davis

    First Vice President Investments

    (336) 554-9021

    Email Jim

    License(s): NC: 187177, SC: 81764

    Greensboro

  • Nate McDaniel

    Senior Vice President Investments

    (704) 831-4638

    Email Nate

    License(s): SC: 96405, NC: LC539, GA: 388003

    Charlotte Uptown

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