Grand Oaks, Charlotte, North Carolina

Equity raised

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Grand Oaks, Charlotte, North Carolina 2017-05-30T13:49:08+00:00

Project Description

Acquisition, renovation and resale of a multi-family income-generating property with 243 apartments at a 98% occupancy rate. The property offers a variety of resident amenities, and is located near I-77, which allows for quick and easy access to employment areas, and commercial centers. The property is in also in close proximity to several schools and parks.

6614 Wisteria Dr, Charlotte, NC 28210, USA

Year launched

2016

Equity raised

$3,150,000

Expected duration

36 Months

18.51%

About the neighborhood

Charlotte is located on the border between North and South Carolina. It has a population of 800,000, and is only a two hour flight to 60% of the U.S. The city’s versatile and broad economic activities can be attributed to its strategic location, accessibility, and status as an economic and logistical hub.

About the developer

Elite Street Capital is an investment company operating out of Houston, Texas and Tel Aviv. The company offers extensive experience in the venture, construction and maintenance, and specializes in locating and acquiring properties at prices lower than market value, and then renovating and reselling.

The opportunity

Acquisition, renovation and resale of a multi-family income-generating property with 243 apartments at a 98% occupancy rate. The property offers a variety of resident amenities, and is located near I-77, which allows for quick and easy access to employment areas, and commercial centers. The property is in also in close proximity to several schools and parks.

Other projects by the developer