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315 Hamilton Dr 315 Hamilton Dr NE

8 Unit Block of Flats £1,351,254 (£168,907/Unit) 5.70% Net Initial Yield Concord, NC 28025

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Investment Highlights

Excellent Location
Recently Rehabbed Units

Town Home Style Units

Executive Summary

Excellent opportunity to acquire a recently rehabbed 8 plex near the heart of Concord. 7 of 8 units have been recently leased, with one remaining unit that is currently listed on the market for lease. Great performing income potential once all units are occupied. Turn-key Property Management Firm in place if buyer wants to continue with services. Water/sewer usage is billed back to the tenants through a sub-meter tracking system for each unit. Trash/Landscaping is Landlord cost. Electric/Water/Sewer tenant is tenant cost.

315 Hamilton Flyer

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	£100,160	£13.34
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£100,160	£13.34
Net Operating Income	-	-

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£100,160
Annual Per SF	£13.34

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£100,160
Annual Per SF	£13.34

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	£1,351,254	Building Class	C
Price Per Unit	£168,907	Lot Size	0.65 AC
Sale Type	Investment	Building Size	7,508 SF
Net Initial Yield	5.70%	Average Occupancy	88%
No. Units	8	Number of Floors	1
Property Type	Residential	Year Built/Renovated	1973/2024
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Townhome

Price	£1,351,254
Price Per Unit	£168,907
Sale Type	Investment
Net Initial Yield	5.70%
No. Units	8
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	C
Lot Size	0.65 AC
Building Size	7,508 SF
Average Occupancy	88%
Number of Floors	1
Year Built/Renovated	1973/2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.