Sale Leaseback -Opportunity Zone Investment-short-term SF rental project in Charlotte, NC

Sale Leaseback -Opportunity Zone Investment-short-term SF rental project in Charlotte, NC

Sugartree Development Partners, a Charlotte, NC based boutique real estate development company is specializing in developing stylish and affordable single-family rental housing in rapidly expanding neighborhoods.  Many of these areas have now been identified as “Opportunity Zones located within Charlotte’s developing light rail corridor.

Developer Brett Ermer states, “our current location offers an excellent opportunity for investors to forgo capital gains tax and put their dollars to work in a designated Opportunity Zone (OZ) that is only one mile away from the new Blue Line Sugar Creek Light Rail Station, 1 mile away from the NoDa Arts District, 0.25 miles away from I-85, and just 4 miles away from Center City Charlotte.”
The six-acre site is located directly on the 73-acre Sugaw Creek Park and has a 2 acre dedicated tree save which spans across the rear of all 24 units.  The Sugaw Creek Park offers 6 lighted tennis courts, a volleyball court, lighted soccer and baseball fields, picnic areas, a nature trail, and an 18-hole disk golf course.  All of the site’s horizontal construction has been completed, and 4 of the 24 homes have been built and are currently being rented.

Plans range from 1,839 to 2,344 heated square feet with the largest offering a total of 3,051 square feet under roof. The aesthetic is distinctly Scandinavian with clean lines and minimalist design surrounded by nature. The six plans are available in multiple facades and offer 2 car garages, covered porches, 3 to 4 bedrooms, 2.5 to 3.5 baths, owner suites on the main level, and office spaces.  The smart open design provides a comfortable and efficient use of space, with 10 ft ceilings on the main level and 9 ft on the upper level.  All homes are pre-wired for solar panels as a standard feature to increase resale value.

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