Investors and Homeowners alike will want to take a look at this cash flow cow in South Charlotte.This 2 bedroom, 1.5 bath townhouse is located in a well-maintained community off Sharon Rd. West. The community itself has an on-site community manager, ammenities include a limited-access swimming pool, 2 tennis courts, an outdoor grilling area, and ample common space for your kids or pets to run around in.The house itself is 1000 square ft and includes a living room, powder room, kitchen w/ breakfast nook, laundry hookups, and pantry downstairs. Upstairs there is a Master bedroom with walk-in closet, a linen closet, a second bedroom, and a full bathroom.There is brand new carpet throughout, brand new flooring in kitchen, and new tile in the entryway. Additional repairs are minimal at a very conservative $2000 including paint throughout, cleaning, new hardware/blinds/outlet covers, patch some drywall in a few places, trim vines on patio, and new trim in a couple spots to make the unit move-in ready.Market rent is $700-$750 and at a purchase price of only $29,900 you can't lose. For investors, that's a 15% annual cash-on-cash return per year including a 2 month vacancy per year.Rent demand in this area is high: Home schools for this location are the very desirable Sterling Elementary, Quail Hollow Middle, and South Meck High -> all top rated schools.The community also sits right on a major bus line (CATS Rt. 12-South Blvd) and has another major line (CATS Rt. 19-Park Rd) and a community bus line (CATS Rt. 43 - Ballantyne) within a 5 minute walk.Only cash offers with a signed contract, $2,500 non-refundable earnest money deposit, and proof of funds will be accepted. For a pre filled-out contract, shoot me an email. For more information, call me at the number listed. If you're interested, be sure to act fast, this cheap, cash flowing property in a great location won't be around for long!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
