Property
Beds
47
Full Baths
23
1/2 Baths
None
Year Built
1960
Sq.Footage
17,222
This 22-unit multifamily community offers a strong lease-up and stabilization opportunity in North Charlotte with limited remaining execution risk as the improvements have been made! The property is currently ~64% occupied, with the majority of units renovated and remaining vacant units largely rent-ready, allowing for immediate NOI growth through leasing. Only the clubhouse/SFR unit and one additional unit remain unrenovated, while significant capital improvements, including new roofs, updated HVAC systems, and extensive unit renovations, have already been completed. Clubhouse built 1940, apartments are 1960. Located minutes from Camp North End and less than 10 minutes from Uptown Charlotte, the asset sits within an active growth corridor supported by durable rental demand.
Features & Amenities
Interior
-
Total Bedrooms
47
-
Bathrooms
23
-
Above Grade Finished Area
17222.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Parking Lot
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$3,000,000
-
Sq. Footage
17, 222
-
Price/SqFt
$174
HOA
-
Association
No
School District
-
Elementary School
Unspecified
-
Middle School
Unspecified
-
High School
Unspecified
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Mecklenburg
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Listing Courtesy of Zach Britt , Britt Commercial Real Estate, LLC
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Agent
Zaneta Mowatt
Call Zaneta today to schedule a private showing.
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