24 Beds

12 Full baths

10,800 SqFt


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!

Property Details
Price $1,425,000
Bedrooms 24
Full Baths 12
Property Style Ranch
Lot Size 303x110x350x150x95x40
Lot Size Area 1.329
Lot Size Area Units Acres
Property Type MultiFamily
Sub type Apartment
MLS Sub type Apartment
Stories 1
Exterior Features Lawn Maintenance
Year Built 1961
Roof Composition
Heating Central
Foundation Crawl Space
Lot Description Cul-De-Sac, Level, Paved
Laundry Features Utility Room, Washer Hookup
Parking Description Attached Carport, Driveway, Parking Space(s)
Geographic Data
Directions Google 1405 Catherine Simmons Ave.
County Mecklenburg
Latitude 35.262073
Longitude -80.844028
Address Information
Address 1405 Catherine Simmons Avenue, Charlotte, NC 28216
Postal Code 28216
City Charlotte
State NC
Country United States
Listing Information
Listing Office Latria Incorporated
Listing Office Phone 704-614-1474
Listing Agent Jim Townsend
Listing Agent Phone 704-614-1474
Special listing conditions None
Terms Conventional, Other - See Remarks
School Information
Elementary School Unspecified
Middle School Unspecified
High School Unspecified
MLS Information
Days on market 63
MLS Status Active
Listing Date Mar 10, 2023
Listing Last Modified May 12, 2023
Tax ID 075-044-28
MLS # CAR4009716

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This information is believed to be accurate, but without any warranty.