Property Description
This 10-unit multifamily asset presents a clean lease-up opportunity in North Charlotte with immediate operational upside. The property is currently ~90% 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 Details
Property Type:
Apartment
Year Built:
1965
Living Area:
9,180 sq ft
Price / Sq Ft:
$163
Lot Size:
0.56 acres
Bedrooms:
20
Bathrooms:
0
Days on Market:
33
Cooling:
Central Air
Heating:
Central
Water:
City
Sewer:
Public Sewer
Foundation:
Slab
Construction:
Brick Full
Laundry:
In Unit
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Schools
Elementary:
Unspecified
High:
Unspecified
Financial Information
List Price:
$1,500,000
HOA:
No
Status: Active
MLS #: 4339903
Listing Firm: Britt Commercial Real Estate, LLC
Listing Agent: Zach Britt
Agent Email: zbritt@brittcre.com
