New Listing

On 20th Portfolio | 5 Properties | 415 Units | Hickory, NC

Overview

Summary

  • Offering Price Determined by Market
  • Number of Units 415 Units
  • Number of Properties 5 Properties
  • Total Rentable SF 830,750 SF
  • Years Built 1983-1999
  • Average Rent $1,292
  • Occupancy 96%

Investment Highlights

  • 95% Occupied asset with low delinquency and stable collections offering immediate cash flow before value-add campaign
  • Portfolio median age of 1994 consisting of 5 properties being built between 1983 – 1999
  • Large Floorplans averaging over 1,000 SF with a diverse unit mix offering townhome floorplans, 2-car garages, sunrooms, and roommate-style layouts. Additionally, 95% of the property is equipped with washer/dryer connections.
  • Majority of units remain in Classic or Classic+ renovation offering further upside in revenue through lite value-add program
  • Located within 5 minute drive to Publix, Chick-fila, Starbucks, Walmart, Lowe’s, and other national credit retailers.



Our Team

Chandler Brown

Chandler Brown

Founding Partner
GREA
678.894.2225
Taylor  Brown

Taylor Brown

Founding Partner
GREA
678.894.2219
Michael Deaton

Michael Deaton