4489 Orphanage Road - 126 Units - Charlotte MS

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4489 Orphanage Road - 126 Units - Charlotte MS

Concord, NC 28027
Asking Price
$2.80M
Asset Type
Multifamily
Class
Class B

What's Special

4489 Orphanage Road is a 126-unit multifamily community located in the Concord submarket of the Charlotte metropolitan area. Positioned near the Interstate 85 corridor, the property offers direct regional connectivity to major employment hubs and downtown Charlotte. The surrounding neighborhood is characterized by a mix of residential developments and established commercial centers. Residents have immediate access to diverse retail amenities, including the Concord Mills shopping district, as well as local parks and essential services within a five-mile radius. The asset is designed to accommodate the growing demand for workforce housing in Cabarrus County. Given its proximity to logistics centers, healthcare facilities, and retail corridors, the property is well-suited for a tenant profile consisting of mid-market professionals and service-sector employees seeking proximity to the I-85 commuter belt. The scale of the 126-unit footprint provides an opportunity for standardized property management operations within a high-growth suburban environment.

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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467

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