This 10-unit multifamily asset offers an attractive lease-up and stabilization opportunity in North Charlotte's active growth corridor. The property is currently ~30% occupied, with the majority of units renovated and vacant units rent-ready, allowing for immediate income growth with minimal remaining CapEx. All units are 2BR/1BA with an average size of ~726 SF, supporting strong in-place rent rates and market rent levels. Located minutes from Camp North End and less than 10 minutes from Uptown Charlotte, the asset benefits from durable rental demand driven by nearby development and limited workforce housing supply.
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: 1.03
- Lot Size Square Feet: 44867
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
Rental Info
- Tenant Pays: All Utilities
Other Property Info
- Source Listing Status: Active
- County: Mecklenburg
- Source Property Type: Residential Income
- Parcel Number: 077-051-07
- Zoning Description: N2-B
- Property Subtype: Apartment
Building and Construction
- Year Built: 1963
- Above Grade Finished Area: 7260
- BelowGradeFinishedArea: 0
- Building Area Total: 7260
- Construction Materials: Brick Full
- Foundation Details: Crawl Space
- Property Age: 63
- Levels or Stories: 1
- Structure Type: Site Built
- Total Above Grade Sqft Area: 7260
Utilities
- Sewer: Public Sewer
- Water Source: City