Village at Julia (the “Property” or “Asset”) a 1964 vintage asset with strong renovations consisting of 21 units. The Asset is well positioned along the path of growth for North Charlotte and features strong renovations leaving minimal capital required from the next owner. The Property is well positioned just a short drive from Camp North End, NoDa, and Uptown Charlotte. The area around the asset has seen solid development as breaking into NoDa becomes more difficult and Camp North End continues to grow with a Novant Clinic and new for sale Townhomes developed just down Statesville Ave in the last 5 years.

The strong renovations will allow new ownership to focus on revenue driving renovations or allow for a light capital spend depending on the planned exit strategy. The Property’s strong location and nearby development allows for numerous business plans from holding the Asset as a cash flowing covered land play, to reparcelling the Property and selling individual SFR units to home buyers along with traditional business plans which will be effective given the recent growth of the area.

Village at Julia presents investors with the opportunity to enter a high growth Charlotte submarket with strong flexibility on the exit due to the Asset’s makeup along with the strong growth in the area.