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.
Copyright © 2025 On 20th Portfolio. All rights reserved. Powered by SharpLaunch