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!
Closed
$1,350,000
1405 Catherine Simmons Ave, Charlotte, NC 28216
24beds
10,800sqft
Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$125/sqft
$1,307 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,307/mo
Zestimate® history
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$7,993/mo
Est. payment
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Central hvacLaundry hook ups
Zillow last checked:
Listing updated:
Listed by:
Jim Townsend jim@townsendrealtygroup.com,
Townsend Realty Group
Bought with:
Tiffany Nguyen
Coldwell Banker Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4009716
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 12
- Full bathrooms: 12
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
- Laundry: Utility Room, Washer Hookup
Features
- Has basement: No
Interior area
- Total structure area: 10,800
- Total interior livable area: 10,800 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Attached Carport, Driveway, Parking Space(s)
- Carport spaces: 6
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: Lawn Maintenance
- Fencing: Back Yard,Fenced
Lot
- Size: 1.33 Acres
- Dimensions: 303 x 110 x 350 x 150 x 95 x 40
- Features: Cul-De-Sac, Level, Paved
Details
- Parcel number: 07504428
- Zoning: R5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick Partial, Wood
- Foundation: Crawl Space
- Roof: Composition
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Charlotte
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $446,900
- Annual tax amount: $8,971
- Date on market: 3/10/2023
- Cumulative days on market: 109 days
- Listing terms: Conventional,Other - See Remarks
- Tenant pays: All Utilities
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2023 | Sold | $1,350,000-3.5%$125/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4009716 Report a problem | ||
| 6/27/2023 | Pending sale | $1,399,000$130/sqft |
Source: Canopy MLS as distributed by MLS GRID #4009716 Report a problem | ||
| 6/11/2023 | Price change | $1,399,000-1.8%$130/sqft |
Source: Canopy MLS as distributed by MLS GRID #CAR4009716 Report a problem | ||
| 5/11/2023 | Price change | $1,425,000-2.1%$132/sqft |
Source: Canopy MLS as distributed by MLS GRID #CAR4009716 Report a problem | ||
| 3/23/2023 | Price change | $1,455,000-3%$135/sqft |
Source: Canopy MLS as distributed by MLS GRID #CAR4009716 Report a problem | ||
| 3/11/2023 | Listed for sale | $1,500,000+328.6%$139/sqft |
Source: Canopy MLS as distributed by MLS GRID #CAR4009716 Report a problem | ||
| 10/14/2020 | Sold | $350,000$32/sqft |
Source: Public Record Report a problem | ||
| 6/10/2020 | Sold | $350,000+1300%$32/sqft |
Source: Public Record Report a problem | ||
| 10/23/2008 | Sold | $25,000-92.1%$2/sqft |
Source: Public Record Report a problem | ||
| 10/7/2005 | Sold | $318,000+65.6%$29/sqft |
Source: Public Record Report a problem | ||
| 11/18/1997 | Sold | $192,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,971 +4% | $896,400 |
| 2024 | $8,630 | $896,400 |
| 2023 | -- | $896,400 +100.6% |
| 2022 | -- | $446,900 |
| 2021 | -- | $446,900 |
| 2020 | -- | $446,900 |
| 2019 | $5,411 | $446,900 +14.4% |
| 2018 | -- | $390,700 |
| 2017 | $5,271 | $390,700 |
| 2016 | $5,271 | $390,700 |
| 2015 | $5,271 -3.9% | $390,700 |
| 2014 | $5,486 | $390,700 -0.7% |
| 2012 | -- | $393,300 |
| 2011 | -- | $393,300 +30.2% |
| 2009 | -- | $302,000 |
| 2008 | -- | $302,000 |
| 2007 | -- | $302,000 |
| 2006 | -- | $302,000 |
| 2005 | -- | $302,000 |
| 2003 | -- | -- |
Find assessor info on the county website
Neighborhood: Lincoln Heights
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Nearby schools
GreatSchools rating
- 4/10Bruns Avenue ElementaryGrades: PK-5Distance: 2 mi
- 3/10Ranson MiddleGrades: 6-8Distance: 2.7 mi
- 5/10West Charlotte HighGrades: 9-12Distance: 0.9 mi
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- North Carolina
- Mecklenburg County
- Charlotte
- 28216
- Lincoln Heights
- 1405 Catherine Simmons Ave
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