Presenting an exceptional value-add multifamily investment opportunity located at 3500 North Sharon Amity Road in the rapidly expanding East Charlotte submarket. This highly efficient 20-unit asset consists entirely of desirable 1-bedroom, 1-bathroom floor plans, catering perfectly to the area's growing demographic of young professionals seeking affordable proximity to Charlotte's urban core. Owned and maintained by the same owner for decades, the property features a proven, organic value-add program where interior renovations have been successfully executed over the last decade as units turn over, effectively proving out the post-renovation rent premiums. Strategically positioned just minutes from Charlotte’s most vibrant cultural and entertainment districts, including Plaza Midwood, NoDa, and the Uptown central business district, the property provides immediate access to major transit routes, prominent employment hubs, and ongoing commercial redevelopment corridors. Furthermore, the site boasts high-visibility frontage directly along the North Sharon Amity Road corridor with outstanding exposure and traffic counts exceeding 25,000 vehicles per day. Tenants benefit from exceptional convenience, being surrounded by a robust lineup of daily-needs retailers within walking distance or a short drive, including Food Lion, Walgreens, CVS, Family Dollar, and Bojangles. Supported by strong submarket fundamentals and dense local demographics featuring a population of over 95,000 residents within a 3-mile radius, 3500 North Sharon Amity Road is perfectly positioned to capture the influx of renters who desire the lifestyle amenities of Charlotte's premier historic districts but require a more approachable price point, ensuring long-term tenant demand and property appreciation for the new owner. Ask about our other properteries -- this seller has 124 units for sale at 5 different complexes, all 1, 2, and 3 bedroom.
141 days
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346
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17
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Zillow last checked:
Listing updated:
Listed by:
John Cockmanwataugarealtor@gmail.com,
BnBCabins Inc
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4361715
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 20
Bathrooms: 20
Full bathrooms: 20
Heating
Electric, Natural Gas, Separate Meters, Wall Furnace
Cooling
Ceiling Fan(s), Wall Unit(s)
Appliances
Included: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Laundry: None
Features
Open Floorplan, Pantry
Flooring: Tile, Vinyl, Wood
Doors: Storm Door(s)
Windows: Insulated Windows
Has basement: No
Interior area
Total structure area: 12,524
Total interior livable area: 12,524 sqft
Finished area above ground: 12,524
Finished area below ground: 0
Property
Parking
Parking features: Parking Lot
Features
Waterfront features: None
Lot
Size: 1.23 Acres
Features: Corner Lot, Green Area, Level, Paved
Details
Additional parcels included: 103-011-22
Parcel number: 10301114
Zoning: N2-B
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Brick Full
Foundation: Crawl Space
Condition
New construction: No
Year built: 1962
Utilities & green energy
Sewer: Public Sewer
Water: City
Utilities for property: Cable Available, Electricity Connected
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.