Attributes

Units

504

Occupancy

95%

Year built

1969

Building area gross

323,480 sf

Land area gross

45 acres

Description

Jones Lang LaSalle, a North Carolina licensed real estate broker, has been retained as the exclusive sales representative for LOSO Living, a compelling 504-unit workforce housing opportunity located at 1210 Pressley Road in Charlotte, NC. This well-maintained asset represents a rare chance to acquire a stabilized workforce housing community with significant embedded value and strong fundamentals in one of the nation's fastest growing metros.

LOSO Living is 95% occupied and benefits from a substantial rent spread to market, creating immediate upside potential. The property has been meticulously cared for by the current ownership group, which has invested over $4.0 million in capital improvements since 2022, including a complete roof replacement, amenity upgrades, and selective interior renovations. With the majority of units remaining in classic condition and renovated units commanding a strong premium, the new owner inherits a proven value-add playbook with minimal exterior or common area needs.

As Charlotte continues to lead the Southeast in job creation and population growth, adding over 50,000 net new residents annually, LOSO Living offers institutional and value add investors alike a rare combination of immediate cash flow, proven renovation economics, tax advantages, and compelling long-term redevelopment optionality on a 45.43 acre site in an infill location.

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Investment highlights

• Stabilized Workforce Housing Asset – Well-maintained property with strong occupancy and significant upside to market rents

• Proven Value-Add Playbook – Renovated units commanding premium rents with minimal exterior work required; capital can be focused on high-return interior upgrades

• Substantial Recent Capital Investment – Current ownership has invested millions in roof replacement, amenities, and property-wide improvements

• Exceptional Location in Lower South End – Close proximity to Blue Line light rail and the amenity-rich LOSO submarket, offering residents seamless access to shopping, dining, and employment centers

• Strong AMI and Income Growth – Charlotte MSA continues to experience robust wage growth, supporting healthy rent increases for affordable housing

• Infill Redevelopment Optionality – Sizable site in a high-growth corridor offers compelling long-term value creation opportunities