The Weldon

Single Family

1200

Sqft

2021

Details
Financials
Performance

$210,000

Purchase Price

$1,595

Rent / Mo

65%

Property Leverage

914 North Ransom Street, Gastonia, NC 28052

About

The Weldon is a brand new construction home with 3 bedrooms and 2 bathrooms. It is a ranch-style home with 9ft ceilings, high-end stainless steel appliances, marble countertops, tiled backsplash, kitchen cabinets with soft close, same style cabinets at bath vanities, baths also have marble tops, ceramic wall/floor tile in baths and premium finishes throughout. It's a short drive from local amenities and has easy access to the main highway.

Tenant Leasing Process

The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.

Rented

Rental Status

The Market

Charlotte, NC

The Charlotte-Concord-Gastonia Metropolitan Statistical Area has a population of over 2.6 million people. There’s no shortage of cultural and entertainment options in Charlotte. The city has professional NFL, NBA, and MLS teams and is home to numerous museums, art galleries, performance venues, and the NASCAR Hall of Fame. Charlotte is a large cosmopolitan city with strong economic fundamentals. The city serves as the second largest banking center in the US, after New York City. Bank of America and Truist Financial are each headquartered in the region, and Wells Fargo employs 26,000 Charlotte residents. The area is also home to Honeywell, and Lowe’s corporate headquarters along with many other Fortune 1000 companies.

Documents

Half-Year Property Financials

Full-Year Property Financials

Common Questions

How Arrived works

What returns can I expect

What to expect if my property is still seeking a tenant

Diversification

Investing horizon & liquidity

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For those looking to build or add to their portfolio without investing in individual rental properties, the Arrived Single Family Residential Fund is an ideal option due to its always-available investment experience, immediate diversification, and access to liquidity.