Property Description
This 7-unit multifamily asset presents a heavy value-add opportunity in North Charlotte with upside driven by full renovation and lease-up. The property is currently ~14% occupied, with six vacant units requiring interior renovations to stabilize operations and drive NOI growth. Major capital items including the roof and HVAC systems have already been addressed, reducing execution risk and allowing future capital to focus on unit-level improvements. Located minutes from Camp North End and less than 10 minutes from Uptown Charlotte, the asset sits directly in the path of growth within an active redevelopment corridor.
Property Details
Property Type:
Sevenplex
Year Built:
1964
Living Area:
4,911 sq ft
Price / Sq Ft:
$153
Lot Size:
0.45 acres
Bedrooms:
13
Bathrooms:
0
Days on Market:
17
Cooling:
Central Air
Heating:
Central
Water:
City
Sewer:
Public Sewer
Foundation:
Crawl Space
Construction:
Brick Full
Laundry:
In Unit
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Schools
Elementary:
Unspecified
High:
Unspecified
Financial Information
List Price:
$750,000
HOA:
No
Status: Active
MLS #: 4340022
Listing Firm: Britt Commercial Real Estate, LLC
Listing Agent: Zach Britt
Agent Email: zbritt@brittcre.com
