2909 Burgess Drive | Sinko Realty LLC
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$2,000,000
Active NEW 0 days

2909 Burgess Drive

Charlotte, NC, 28208

24 Bedrooms | 24 Bathrooms | 11,064 Sq Ft | 0.76 Acres
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Property Description

Charlotte, NC 12-Unit Townhome Community with Immediate Value-Add Upside:

Twelve-unit townhome community comprised entirely of 2-bedroom/1.5-bath units with 10 of 12 units fully renovated to a modern finish level.

Two recently renovated vacant units represent immediate lease-up upside, while two below-market occupied units at $995 provide a clear runway to capture additional rent growth upon turn.

The highest achieving in-place rent of $1,535 establishes a proven rent ceiling with a direct path to full stabilization.

Premium Location:
2 miles from Lower South End (LoSo), Charlotte's emerging hub of breweries, restaurants, retail, and light rail access, home to major employers including Lowe's Tech Hub, USAA, and LendingTree.
2.5 miles from South End, one of Charlotte's most nationally recognized and vibrant live-work-play corridors.
4 miles from Uptown Charlotte, the region's central business district and primary employment core.
4.5 miles from Charlotte Douglas International Airport, the seventh-busiest airport in the world, and a top-three driver of corporate relocation and expansion in the Charlotte region.

Premium Interior Renovation Package:
Renovated units feature granite countertops, LVP flooring, new carpet, new cabinets, new appliances, vanities, updated modern lighting and fixtures, and washer/dryer connections, a finish level that commands premium rents and supports durable tenant retention in the Charlotte workforce housing segment.

Exterior Capital Investment:
Property received a full exterior refresh and, in 2023, a complete siding and trim replacement, supporting strong curb appeal and reduced near-term capital requirements for an incoming investor.

Attractive All-Townhome Unit Mix:
Exclusively 2-bedroom/1.5-bath two-story townhome floor plans offering renters added privacy, functional layouts, and a more residential living experience than traditional apartment product, a highly desirable configuration in the Charlotte rental market that supports strong leasing velocity and tenant retention.

Property Details

Property Type: Townhouse
Year Built: 1970
Living Area: 11,064 sq ft
Price / Sq Ft: $181
Lot Size: 0.76 acres
Bedrooms: 24
Bathrooms: 24 (12 full, 12 half)
Subdivision: Reid Park
Cooling: Electric, Window Unit(s)
Heating: Baseboard, Electric
Water: City
Sewer: Public Sewer
Foundation: Slab
Construction: Vinyl
Basement: Other
Laundry: Electric Dryer Hookup, Gas Dryer Hookup

Appliances

Other

Schools

Elementary: Reid Park
High: Harding University

Financial Information

List Price: $2,000,000
HOA: No
Listing Information
Status: Active
MLS #: 4361886
Listing Firm: Andrew Reed Properties, LLC
Listing Agent: Jeff Shugarts Jr
Agent Email: jshugarts@usdevelopments.com

Market Insights

Beta
Charlotte is a Buyer's Market

Inventory is high and competition is low. Buyers have more negotiating power.

Buyer's Market Seller's Market
1,008 Active Listings
181 Sold (Last 90 Days)
16.7 mo Inventory
-
98.5%
List to Sale Price
Homes typically sell for about 2% below list price.
~
90 days
Avg. Days on Market
Homes take around 90 days on average to sell.
$
$385,000
Median Sale Price
Based on 181 recent sales
Based on single family residential MLS data from the last 90 days Updated Mar 30, 2026

Estimated Monthly Payment

Full Calculator →
Estimated Payment
$12,363
per month
Payment Breakdown
Principal & Interest $10,113
Property Tax (est.) $1,667
Insurance (est.) $583
Total Monthly $12,363

* This is an estimate only. Actual payments may vary based on lender terms, credit score, property taxes, insurance rates, and HOA fees. Contact a lender for accurate quotes.

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