24 Beds

12 Full baths

10,800 SqFt


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

Map View

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