If you’re looking to invest in multi-family real estate in the Southeastern United States, you should start with Raleigh.
The capital of North Carolina and the second largest city in the state, Raleigh is one of the fastest growing cities in America. Since the start of the 21st Century, Raleigh has seen a growth of roughly 60%, and now holds a population of nearly 470,000.
Raleigh is part of the famous Research Triangle, so named because it is home to three of the most prestigious universities in the world, along with many businesses dedicated to the research and development of science and technology. Because of its many academic and commercial opportunities, Raleigh continues to enjoy a booming real estate market while many other areas of the country have struggled since the COVID-19 pandemic.
Multi-Family Real Estate in Raleigh
If you’re looking to invest in real estate in Raleigh, your best option would be to look into multi-family real estate properties. Multi-family properties tend to have a greater return on investment than single-family homes, since property owners may collect monthly income from numerous tenants. Here are three great reasons to invest in multi-family development in Raleigh:
No Shortage of Tenants
The demand for multi-family development in Raleigh remains consistent due to the city’s large population of college students and young working professionals. While many cities have suffered from the transition to remote work due to COVID-19, Raleigh is home to many science and technology companies which require on-site work. Raleigh also houses many colleges and universities including North Carolina State University, one of the largest universities in the United States with a student body of more than 35,000. Because of the constant influx of new students and workers, multi-family real estate in Raleigh will continue to sell quickly.
Endless Entertainment Options
Raleigh is a thriving city with many entertainment choices that appeal to locals and tourists alike. Sports fans can attend games played by the Carolina Hurricanes hockey team, the North Carolina FC soccer team and the NC State Wolfpack’s football, baseball and basketball teams. Art and history enthusiasts can enjoy a number of museums including the North Carolina Museum of Art. There are also over 200 parks to walk at in the city, including Pullen Park and the J.C. Raulston Arboretum. Multi-family developments in close proximity to these attractions are highly desirable and very profitable.
As Raleigh is located in the heart of North Carolina, not only is it a fun city to live in but it also provides convenient access to many other cities. Drivers can travel on many interstate highways while Raleigh Union Station provides Amtrak access to cities throughout North Carolina and all along the East Coast, from New York down to Miami. The city is also home to Raleigh-Durham International Airport, accommodating travelers who need to travel cross-country or out of the country. Because of its convenient location and transportation options, Raleigh is friendly to inhabitants who need to travel frequently for business or to visit family, making multi-family development in Raleigh a lucrative endeavor.
Invest in Raleigh’s Multi-Family Properties
Catalyst Capital Partners strives to create excellent opportunities for investment in multi-family real estate properties throughout the Southeast. If you’re seeking to invest in multi-family real estate in Raleigh, reach out to Catalyst Capital Partners today!