Washington Heights Portfolio_Actifs en vente
Washington Heights Portfolio_Actifs en vente
1339-1407 Fairmont St & 1315-1327 Boone St, Charlotte, NC, 28216-5017, US

Washington Heights Portfolio

Description du portfolio

Jones Lang Lasalle, a North & South Carolinas Licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for the two (2) asset Washington Heights Portfolio consisting of 25 apartment units located in Charlotte, North Carolina hereinafter, “The Portfolio”, or “The Assets”).

Fairmont Street Apartments consists of 10 units and was constructed in 1958 while Boone Street Apartments contains 15 units and was built in 1967. The Assets are one block from one another simplifying management efforts from ownership. The older vintage suggests a possibility to increase rents up to $1400/unit by renovating the units and light curb appeal exterior upgrades.

Additionally, the Washington Heights neighborhood is in the process of revitalization. Multiple houses have been scraped and replaced with new single-family homes that are selling in the high $500k’s. The area is quickly changing, and is showing strong similarities to what was occurring in Wesley Heights ten years ago.


Caractéristiques de l'actif

Nombre d'unités
25 Unité de mesure
72,00 %
Surface de l'actif brut
1 822 m²
Revenu net
161 000 €
Washington Heights Portfolio (2 actifs)
Washington Heights Portfolio (2 actifs)


Points clés d'investissement

The Assets are located in a premier transit corridor, just a five minute drive from downtown, less than three minutes away from I-85, and ten minutes from both I-77 and I-485 allowing efficient commutes to all major employment hubs in the Charlotte MSA.

Contacter l'équipe

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Dernière mise à jour
22 févr. 2023