Phoenix, Arizona – September 11, 2018 – Orbit Investments, LLC, today announced its most recent acquisition of North Ingleside Townhomes in North Carolina. The property is located in a quiet neighborhood just 9-miles west of downtown Fayetteville and 5-miles south of Fort Bragg. The 90-unit complex was acquired as an off-market deal and is Orbit’s first property in North Carolina.
North Ingleside Townhomes is comprised of 11 townhome style buildings with brick exteriors. Each unit is a desirable 1,200 sq. ft. in size which includes 2-stories, 2-bedrooms, and 1.5-bathrooms. Orbit’s management team is committed to making this a true community, with quick response rates to maintenance requests and a strong pride of ownership with a focus on care for its residents.
Orbit Investments will rebrand the complex and immediately begin implementing the planned $270,000 in property improvements. These include interior renovations such as updated lighting, new kitchens, bathrooms; and amenity upgrades such as a new playground and/or sand volleyball field, a community picnic area complete with charcoal grills, extra onsite storage space for residents, and key coded gates for added security.
“We are thrilled to be entering North Carolina with this particular property,” said Orbit Investments co-founder and Managing Partner, Jack Bosch “We’ve had our eye on this market for quite some time, and our patience has paid off.”
North Ingleside Townhomes are ideally situated next to Fort Bragg which is the major driver of the metro’s economy. The base has approximately 57,000 troops and employs an additional 14,000 civilians. Manufacturing has a strong presence in Fayetteville. The Goodyear Tire and Rubber Co. and Mann+Hummel Purolator Filters each operate large manufacturing plants in the area, employing a combined total of 3,600 workers. The metro area also has a vibrant medical sector. Cape Fear Valley Health Systems is the second largest employer and other major hospitals include the Womack Army Medical Center and the VA Medical Center. “Fayetteville is a stable market in a desirable state poised to grow significantly in the next 5 years and this confirms we’ve made the right choice for our company and investors,” said Bosch.
For more information about Orbit Investments, visit www.OrbitInvestments.com/multi-family.
ABOUT ORBIT INVESTMENTS
Orbit Investments, LLC, is a private investment company based in Phoenix, Arizona specializing in real estate. The company was founded by an experienced team that strategically invests in select properties throughout the United States as part of its investment platform that generates sustainable passive income for both the company and its investors.
Company Name: Orbit Investments, LLC
Contact Person: Jack Bosch
Address:20860 N Tatum Blvd #300
State: AZ 85050
Country: United States