We are currently in the process of purchasing four value add properties in Hickory North Carolina. We are not in the habit of buying small deals, but the upside with the 24 units is tremendous! The other units are just part of the package.
The first property consists of One 24 unit building, 2 one bedroom apartments. Built-in 1982 by the current owner, this property has been well maintained. Occupancy is currently at 100%.
The second property is one 4 unit buildings, Two bedroom-one bath. The occupancy is currently at 100%.
The third property is a 2 family buildings. Two bedroom-one bath.his building is 100% occupied.
The foruth property is a single family building. Two bedroom-one bath.his building is 100% occupied.
Investors receive 50% equity with projected average returns of 8% to 15%.