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.
| MLS # | 4340001 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 212 |
| Listing Provided By | Britt Commercial Real Estate, LLC | Zach Britt |
| Bed(s) | 47 |
|---|---|
| Bath(s) | 23 Total |
| SQ Feet | 17,222 |
| Units | 22 |
| Acreage | 2.28 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Appliances | Dishwasher, Electric Range, Microwave, Refrigerator |
| Construction Materials | Brick Full, Other - See Remarks |
|---|---|
| Foundation Details | Crawl Space |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
| List Aor | Canopy Realtor Association |
|---|
| Property | 2118800 |
|---|
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28206 |
| Area | Mecklenburg |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28206) | |
Price: $3,000,000 low | high Med: $410,000 sqft: 17,222 low | high Med: 1,477 $ / sqft: $174 low | high Med: $278 On site: 212 low | high Med: 108 | |
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28206 |
| Area | Mecklenburg |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28206) | |
Price: $3,000,000 low | high Med: $410,000 sqft: 17,222 low | high Med: 1,477 $ / sqft: $174 low | high Med: $278 On site: 212 low | high Med: 108 | |