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.
| MLS # | 4339842 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 217 |
| Listing Provided By | Britt Commercial Real Estate, LLC | Zach Britt |
| Bed(s) | 17 |
|---|---|
| Bath(s) | 11 Total |
| SQ Feet | 6,517 |
| Units | 11 |
| Acreage | 0.76 |
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central |
| Appliances | Dishwasher, Electric Range, Microwave, Refrigerator |
| Construction Materials | Brick Full |
|---|---|
| Foundation Details | Crawl Space |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
| List Aor | Canopy Realtor Association |
|---|
| Property | 1115300 |
|---|
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28206 |
| Area | Mecklenburg |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28206) | |
Price: $1,250,000 low | high Med: $409,000 sqft: 6,517 low | high Med: 1,612 $ / sqft: $192 low | high Med: $254 On site: 217 low | high Med: 107.5 | |
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28206 |
| Area | Mecklenburg |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28206) | |
Price: $1,250,000 low | high Med: $409,000 sqft: 6,517 low | high Med: 1,612 $ / sqft: $192 low | high Med: $254 On site: 217 low | high Med: 107.5 | |
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