Excellent Charlotte investment opportunity now available! This fully leased condo, rented at $1450/mo, presents a turnkey asset with immediate cash flow. The property is generating a strong Net Operating Income (NOI) of $11,987. For an investor utilizing financing, this translates to an impressive 9% cash-on-cash return after debt service. This is a rare chance to acquire a stable, income-producing property with a proven performance history, offering a hands-off investment with strong returns. Do not miss this opportunity to invest in one of the fastest growing market in USA!
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 15' x 12'
- Bedroom 1 Dimensions: 11' x 10'
- Primary Bedroom Level: Main
- Bedroom 1 Level: Main
Other Rooms
- Total Rooms: 8
- Laundry Dimensions: 5' x 4'
- Laundry Level: Main
- Living Room Dimensions: 11' x 11'
- Living Room Level: Main
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom 1 Dimensions: 5' x 7'
- Bathroom 2 Dimensions: 5' x 7'
- Bathroom 1 Level: Main
- Bathroom 2 Level: Main
- Bathroom 1 Description: Full
- Bathroom 2 Description: Full
Interior Features
- Cable Prewire
- Walk-In Closet(s)
- Interior Amenities: Cable Prewire
- Flooring: Vinyl
Appliances
- Dishwasher
- Electric Range
- Electric Water Heater
- Refrigerator
- Washer/Dryer
- Laundry Facilities: Laundry Room
- Laundry Features: Laundry Room
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air
- Heating Features: Central
- Heating: Yes
- Ceiling Fans: Yes
Kitchen and Dining
- Dining Area Dimensions: 11' x 6'
- Dining Area Level: Main
- Kitchen Dimensions: 7' x 18'
- Kitchen Level: Main
Exterior and Lot Features
- Lawn Maintenance
- Patio And Porch Features: Balcony
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Asphalt, Paved
Land Info
Garage and Parking
- Off Street Parking: 2
- Open Parking Spaces: 2
- Open Parking: Yes
- Other Parking: Parking Spaces: 2
- Parking Features: Parking Space(s)
Homeowners Association
- Association: Yes
- Association Fee: 334
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 334
- Association Name: CAMS
- Association Phone: 8776722267
School Information
- Elementary School: Grove Park
- High School: Rocky River
- Middle School: North Ridge
Amenities and Community Features
- Community Features: Outdoor Pool
Other Property Info
- Source Listing Status: Active
- County: Mecklenburg
- Directions: From US-29 S, take exit 45 A, continue on E W.T Harris Blvd, turn left onto Meadow Rose Ln, turn right to stay on Meadow Rose Ln, property will be on the left
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Rosecroft
- Parcel Number: 107-162-58
- Postal Code Plus 4: 3665
- Subdivision: Rosecroft
- Zoning Description: R17MF
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 881
- Year Built: 1986
- Above Grade Finished Area: 881
- BelowGradeFinishedArea: 0
- Building Exterior Type: Vinyl
- Construction Materials: Vinyl
- Entry Level: 3
- Foundation Details: Slab
- Levels: One
- Property Age: 39
- Levels or Stories: One
- Structure Type: Site Built
- House Style: Traditional
- Total Above Grade Sqft Area: 881
- Total Area Main: 881
- Total Area Sqft: 881
- Total Area Upper: 0
- Architectural Style: Traditional
Utilities
- Sewer: Public Sewer
- Water Source: City
