This 11-unit multifamily asset offers a straight-forward value-add opportunity in North Charlotte's path of growth. The property is currently ~45% occupied, with some vacancies immediately rent-ready and others requiring finishing the renovation plan to drive NOI growth. The unit mix consists of six 2BR/1BA units and 5 1BR/1BA units. Significant capital improvements have been carried out by current ownership including exterior, roof, HVACs, and multiple unit renovations.
Property Features
Bedrooms
Appliances
- Dishwasher
- Electric Range
- Microwave
- Refrigerator
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Central Air, Electric
- Heating Features: Central
- Heating: Yes
Bathrooms
Land Info
- Additional Parcels: No
- Lot Size Acres: 0.76
- Lot Size Square Feet: 33106
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: 11
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Unit-1 Square Feet: 707
- Unit-2 Square Feet: 455
Rental Info
- Tenant Pays: All Utilities
Other Property Info
- Source Listing Status: Active
- County: Mecklenburg
- Source Property Type: Residential Income
- Parcel Number: 077-051-05
- Postal Code Plus 4: 1023
- Zoning Description: N2-B
- Property Subtype: Apartment
Building and Construction
- Year Built: 1963
- Above Grade Finished Area: 6517
- BelowGradeFinishedArea: 0
- Building Area Total: 6517
- Construction Materials: Brick Full
- Foundation Details: Crawl Space
- Property Age: 63
- Structure Type: Site Built
- Total Above Grade Sqft Area: 6517
Utilities
- Sewer: Public Sewer
- Water Source: City
