At JCRE Holdings LLC, we own and manage 35 rental units spread across 24 properties. Our focus is on cash flowing, urban-centric single family and multifamily properties. We enjoy well-located, value-add opportunities in Philadelphia, PA and Charlotte, NC.
- Single Family: We are looking for single family homes in Class A and B neighborhoods that need minor or major renovations. Properties in B/C properties must be on the fringe of gentrifying neighborhoods.
- Multifamily: We are looking for 2 – 40 unit apartment buildings or complexes in Class A or B neighborhoods. The property must have some significant and obvious value add component. Cap rates must be 8.5% or above with the ability to increase above 10% once stabilized.
Areas of focus in the Philadelphia, PA market:
- Manayunk/Roxborough: 19127, 19128 zip codes
- West Philly: 19139, 19143, 19104, 19131 zip codes
- Grays Ferry : 19145, 19146 zip codes
Areas of focus in the Charlotte, NC market:
- Anywhere in the city of Charlotte with a preference on West Charlotte (28208)
- Gastonia & Concord
- All in purchase + rehab at 70-75% of the ARV
- Rents at a minimum of 1% of the total investment, preferably more depending on location.
32 rental units
3 rental units
1 lot of land