SFR Investment Portfolios, Single Family Rental Portfolios For Sale

Featured Listing: 15 STR Home BFR Portfolio – SVN | SFRhub Advisors

Are you looking for the perfect real estate investment opportunity? Then look no further, SVN | SFRhub Advisors presents the best of the best, our featured Single-Family Rental Portfolios and Build-For-Rent Portfolios For Sale, all residing in the hottest real estate markets across the nation, providing the maximum ROI possible. Make sure to check out each single-family rental investment portfolio or build-for-rent investment portfolio to learn more about the demographics, property, location and financial overview. Each of these single-family rental portfolios is an opportunity of a lifetime, so don’t miss out!

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15 STR HOME BFR PORTFOLIO ASHEVILLE, NC

Highlights

  • Stabilized Year 1 Gross Yield of 8.14%
  • Stabilized Year 1 Cap Rate of 6.41%
  • Strong 25.19% Stabilized Year 1 Leveraged IRR and a Stabilized Year 1 Leveraged Cash on Cash of 7.19%
  • 15 Home Build for Rent Single Family Rental Investment Portfolio
  • The portfolio is comprised of three existing homes, a duplex under construction, and eleven building lots on which to construct Build for Rent homes
  • Minutes from Downtown Asheville, North Carolina and all it has to offer
  • Buncombe County had strong median home price growth this year
  • Buncombe County had an estimated population of 257,607 people in 2017
  • The area has a pleasant year-round climate with many recreational activities
  • Live music is a significant part of the tourism-based local economy

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Description

This Build-for Rent portfolio provides an opportunity to acquire a 15-home rental portfolio located in the Asheville, North Carolina market. The homes are located in the town of Woodfin, in the Crest Mountain development. The portfolio consists of three existing rental homes, a duplex under construction, and eleven lots upon which a buyer could build homes to meet their criteria. A builder has been identified that is very knowledgeable of the area and the particulars of this property. One of the unique aspects of this property is the ability of a buyer to manage the properties as long-term rentals, as modeled herein, or as short-term rentals as accommodations as part of Crest Mountain. Sunset Ridge is located just five miles from downtown Asheville, mere minutes from its eclectic dining, mountain art galleries, cultural activities and unique shopping. Nearby interstates I-40, I-240 and I-26 connect the community to several metropolitan centers such as Charlotte, Atlanta, Raleigh, Charleston and Nashville as well as quaint mountain towns like Weaverville, Hendersonville, Waynesville and Brevard.

Location

North Carolina, also known as the “The Tar Heel State,” is the 9th most populous state in the United States, with a broad range of elevations from sea level on the coast to 6,684 feet at Mount Mitchell. North Carolina has a diverse economy because of its high availability of hydroelectric power, its pleasant climate, and its wide variety of soils. In 2016, the states’ total gross state product was $521 billion. The portfolio resides in Asheville, which has an estimated 2016 population of 89,121. The town is home to many breweries and restaurants; as of 2017, there are 26 breweries which tourists thoroughly enjoy each year. The Asheville City Council’s goal is to reduce the overall carbon footprint 80% by the year 2030, meaning there will be 4% or more carbon footprint reduction per year. The region is well-educated with nationally recognized schools, within proximity to most major cities, direct access to I-26 and I-40, and the connected Asheville airport with direct flights to Washington and New York among others. Construction sector jobs in the Asheville area rose 23% in 2012-2017. Notable projects include the City of Asheville’s designated innovation districts, The new $400M, 12-story Mission Hospital tower, and A-B Technical Community College’s Ferguson Center with 18 Allied Health programs in a new 169,543 square foot building.

Go to SFRhub.com-01 to learn more about this incredible single-family rental portfolio for sale.

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Contact Jeff Cline at SVN | SFRhub Advisors
SVN | SFRhub Advisors
Phone: 602-441-5354
2400 E. Arizona Biltmore Circle
Suite 1400
Phoenix, AZ 85016

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