Majority of units renovatedNew roofsExtensive unit renovationsUpdated hvac systems
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.
194 days
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424
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11
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Zillow last checked:
Listing updated:
Listed by:
Zach Brittzbritt@brittcre.com,
Britt Commercial Real Estate, LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4340001
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 3
Full bathrooms: 23
Heating
Central
Cooling
Central Air
Appliances
Included: Dishwasher, Electric Range, Microwave, Refrigerator
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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