This 10-unit multifamily asset presents a clean lease-up opportunity in North Charlotte with immediate operational upside. The property is currently ~50% occupied, with four of five vacant units in rent-ready condition and one remaining unit requiring renovation, allowing you to drive near-term NOI growth with limited CapEx needs. All units are 2BR/1.5BA townhome-style layouts averaging ~918 SF, offering larger floorplans that support strong market rents. Located minutes from Camp North End and less than 10 minutes from Uptown Charlotte, the property benefits from durable rental demand within an active growth corridor.
Property Features
Bedrooms
Appliances
- Dishwasher
- Electric Range
- Microwave
- Refrigerator
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Bathrooms
Land Info
- Additional Parcels: No
- Lot Size Acres: 0.56
- Lot Size Square Feet: 24394
Exterior and Lot Features
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Asphalt, Paved
Garage and Parking
- Open Parking: No
- Parking Features: Parking Lot
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Pets Allowed: Conditional
School Information
- Elementary School: Unspecified
- High School: Unspecified
- Middle School: Unspecified
Multi-Unit Info
- Number of Units: 10
- Bedrooms in Unit-1: 2
- Total Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-1: 1
- Unit-1 Square Feet: 918
Rental Info
- Tenant Pays: All Utilities
Other Property Info
- Source Listing Status: Active
- County: Mecklenburg
- Source Property Type: Residential Income
- Parcel Number: 077-051-12
- Zoning Description: N2-B
- Property Subtype: Apartment
Building and Construction
- Year Built: 1965
- Above Grade Finished Area: 9180
- BelowGradeFinishedArea: 0
- Building Area Total: 9180
- Construction Materials: Brick Full
- Foundation Details: Slab
- Property Age: 61
- Structure Type: Site Built
- Total Above Grade Sqft Area: 9180
Utilities
- Sewer: Public Sewer
- Water Source: City