Property
Beds
24
Full Baths
12
1/2 Baths
None
Year Built
1969
Sq.Footage
10,682
This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades. Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units. Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation. Investment Highlights: 12-unit multifamily property 5 renovated units completed Proven rent benchmark at $1,500/month Significant remaining value-add potential Located in a high-growth rental market Opportunity to increase NOI through continued upgrades This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.
Features & Amenities
Interior
-
Total Bedrooms
24
-
Bathrooms
12
-
Above Grade Finished Area
10682.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Ductless, Window Unit(s)
-
Heating YN
YES
-
Heating
Baseboard, Ductless
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$1,750,000
-
Sq. Footage
10, 682
-
Price/SqFt
$163
HOA
-
Association
No
School District
-
Elementary School
Unspecified
-
Middle School
Unspecified
-
High School
Unspecified
Property Features
-
Foundation Details
Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Mecklenburg
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Listing Courtesy of Nick Lancetti , Coldwell Banker Realty
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