$1,350,000
$1,399,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
24 Beds
12 Baths
10,800 SqFt
SOLD DATE : 09/22/2023
Key Details
Sold Price $1,350,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $125
MLS Listing ID 4009716
Sold Date 09/22/23
Style Ranch
Bedrooms 24
Full Baths 12
Year Built 1961
Lot Size 1.329 Acres
Acres 1.329
Lot Dimensions 303x110x350x150x95x40
Property Description
ATTENTION ALL INVESTORS! Here's your chance to own a turn-key 12 unit apartment building in Charlotte NC. 12 units. 100% occupied. Individually metered so tenants pay for gas, electric, and water. All units are 2 bed / 1 bath with central HVAC and laundry hook ups. 9 of 12 units have been updated in last 12 months. Has great cash flow and located in an Opportunity Zone for those interested in the tax advantages. Great management team already in place and room to increase rents. Located near Uptown Charlotte, this area is prime for future development. Charlotte has ranked as a top location for investment the last 3 years. No more than 25% Seller financing available for qualified buyers with acceptable terms. Financials available upon request. Serious inquiries only, please!
Location
State NC
County Mecklenburg
Zoning R5
Interior
Heating Central
Cooling Central Air
Fireplace false
Appliance Electric Range, Refrigerator
Exterior
Exterior Feature Lawn Maintenance
Fence Back Yard, Fenced
Roof Type Composition
Garage false
Building
Lot Description Cul-De-Sac, Level, Paved
Foundation Crawl Space
Sewer Public Sewer
Water City
Architectural Style Ranch
Structure Type Brick Partial, Wood
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Restrictions No Representation
Acceptable Financing Conventional, Other - See Remarks
Listing Terms Conventional, Other - See Remarks
Special Listing Condition None
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Bought with Tiffany Nguyen • Coldwell Banker Realty