Projected CAP rate = 8% to 9%. ..................Per research North Carolina is one of the 4 states in US to continue experice significant growth in next two decades. Charlotte MSA ( metro region) is going to experience growth for next two decades. Concord area ( which is part of Charlotte MSA) is expected to grow at a ate of 34% or more in next decade! This 129 Unit, 4 block aparments for $15 million is a killer deal for any investors. Swimming pool, park, club house.
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