1802 VILLAGE LAKE DR Charlotte NC 28212-2254

Property Description

Buffett Landing Townhomes or BLT, a 12 unit, garden style, townhome complex, sits nestled in the woods at the bottom of a private drive. From every window in your home, your views are filled with lush vegetation, trees, and more beautiful nature! Located directly across the street from Village Lake, BLT is just a few miles from uptown, LoSo, NoDa, Dilworth, Southend, Myers Park, Southpark!! If you're not up for driving, take the bus, with a stop located at end of our private driveway!

BLT has recently been transformed inside and outside!! As you enter, you'll notice the updated glass carriage dusk til dawn lanterns at every door and your own Ring doorbell for added safety. From your kitchen and breakfast area, you'll step down onto a private back wood deck, complete with a cute bistro set, from there, you'll step down a few steps down to a newly seeded yard area, it's the perfect spot to enjoy a cup of coffee or read a book, and our property is surrounded by beautiful foliage year round and the sounds of birds singing!

The inside of this home is absolutely beautiful; the interior has been professionally designed to create a boutique, luxury feel, complete with fine linens, blankets, and comfort gel mattresses. This home is beautifully furnished with detailed finishes throughout including stainless appliance, upgraded lighting, and more!

Buffett Landing, a smaller community by design, is comprised of 12 private, safe, beautiful and welcoming townhomes!! Four of the twelve townhomes are fully furnished mid term rentals, and the remaining eight are our long term residents, many who have been living here for more than 15 years! At the beginning of the month, you'll receive our BLT community newsletter, full of info., including property updates, upcoming special events, and suggestions and/or announcements from our residents is always encouraged, etc.

As far maintaining property aesthetics, BLT is landscaped on a bi-weekly basis; this includes backyard mowing/weeding, regular pest repellent treatments and more! Additionally, our property maintenance team is located on site and available to you 24/7.

PROJECTED RESULTS

Projected Monthly Rent (net of 10% vacancy) 19,439

Projected Monthly Expenses5,375

Projected Monthly Net Operating Income14,065

Cap Rate Based on Cost Basis5.5%

Cap Rate Based on ARV5.0%

SELLER FINANCING AVAILABLE UP TO $1m