24 Beds
12 Full baths
10,800 SqFt
Active
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.
