Oak and Vine Rise Avalon
Asset Type: 240 Units
Location: Charlotte, NC
Address: 6000 Regal Estate Ln, Charlotte, NC 28212
Purchase Price: $ 41,000,000.00
Equity Raise: $ 19,069,002.00
Opportunity Type: Multifamily
Minimum Investment: $50,000
Hold Period: 2–5 Years
PROJECTED INVESTOR RETURNS
Equity Multiple: 2.04x
Average Annual Return: 5.3%
Preferred Return: 7%
IRR: 16.2%
Planned Distributions and Reporting: Monthly
DEAL TIMELINE
Deal Launch : 11/13
PPM Deadline: 12/9
Funding Deadline: 12/12
Closing: 12/31
We are excited to announce that we are under contract to acquire The Avalon, rebranding to "Rise Avalon".
Currently operating as The Avalon, Rise Avalon is 240 units, built in 1999. The property is a B+ class asset located in a B+ location of the Charlotte MSA. It offers immense upside with the opportunity to renovate 100% of the classic units and add washers/dryers to 100% of the units.
★ 30%+ discount from what it would have sold for 18-36 months ago
★ Significant upside to renovate 100% of units and add Washers/Dryers to 100% of units
★ Tax Abatement Strategy eliminating 90% of property taxes to boost investor returns
★ Extremely low basis of $170K/unit, rare for 68% 2 & 3-bedrooms
★ Highest capitalization rate of any deal we’ve purchased in over 3+ years
★ Last deal of the year to receive 2025 Depreciation Tax Benefits
Rise Avalon
Rise Avalon - Reserve a Spot : https://oakandvinecapital.fundamentalportal.com/scf/create/P43/SPO_01HYNFERR6XCA1YNVQF5P7KHGP
Business Plan: https://drive.google.com/file/d/17bThEmIuIRAqDUiDLbCCB_LstT4lopV6/view?usp=sharing
Click Here to View Business Plan
Webinar: https://youtu.be/zUHvj-3gXlg
Live Webinar: https://youtu.be/zUHvj-3gXlg
If you have any questions, please feel free to reach out.