




24 Beds
12 Full baths
10,800 SqFt
Active
Attention all savvy investors!! Excellent chance to own 1.329 acres very close to Uptown Charlotte just off I-77, exit 12. Located in an Opportunity Zone, this commercial property currently consists of a multi-family complex totaling 12 income-producing apartments with 2 beds & 1 bath each. Currently 100% occupied, 9 of 12 units have been updated within the last 12 months. All gas, electric & water utilities are separately metered and paid by each resident. Washer/Dryer hookups. Residents also enjoy the comforts of both central heat & air conditioning. Close to city bus stops. Stable property management team already in place. Below market rents. A prime location that could be a great buy to add to your portfolio, or to park your cash & hedge against inflation, and/or to smartly position yourself for possible future redevelopment opportunities as Uptown Charlotte runs out of land to expand. Some Seller Financing MAY be considered with a very qualified buyer along with acceptable terms.
Property Details | ||
---|---|---|
Price | $1,500,000 | |
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 | ||
MLS Status | Active | |
Listing Date | Mar 10, 2023 | |
Listing Last Modified | Mar 11, 2023 | |
Tax ID | 075-044-28 | |
MLS # | CAR4009716 |
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This information is believed to be accurate, but without any warranty.