This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades. Recent leasing activity supports the repositioning… Read More strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units. Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation. Investment Highlights: 12-unit multifamily property 5 renovated units completed Proven rent benchmark at $1,500/month Significant remaining value-add potential Located in a high-growth rental market Opportunity to increase NOI through continued upgrades This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket. Read Less
Finished Area Above Grade: 10682, Area: 10682, Building Area: 10682, Construction Materials: "Brick Partial", "Vinyl", Stories: 2, Year Built: 1969, Construction Type: Site Built
Cooling
Details: "Ductless", "Window Unit(s)"
Fence
Description: "Back Yard", "Privacy", "Wood"
Floors
Flooring: "Vinyl", "Wood"
Heating
Heating: "Baseboard", "Ductless"
Laundry
Description: "In Kitchen"
Lot
Size: 0.94, Size Units: Acres
Pets Policy
Description: "Yes"
Property
Zoning: N2-B
Roof
Description: "Architectural Shingle"
Utilities
Sewer: "Public Sewer", Water Source: "City", Utilities: "Electricity Connected"
Garage
Man Level Garage: 0
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