Listing by: Nick Lancetti, Coldwell Banker Realty, nick.lancetti@cbrealty.com
24 Beds
12 Full baths
10,682SqFt
Under Contract-No Show
This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades. Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units. Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation. Investment Highlights: 12-unit multifamily property 5 renovated units completed Proven rent benchmark at $1,500/month Significant remaining value-add potential Located in a high-growth rental market Opportunity to increase NOI through continued upgrades This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.
Property Details | ||
|---|---|---|
| Price | $1,750,000 | |
| Bedrooms | 24 | |
| Full Baths | 12 | |
| Lot Size Area | 0.94 | |
| Lot Size Area Units | Acres | |
| Property Type | MultiFamily | |
| Sub type | Apartment | |
| MLS Sub type | Apartment | |
| Stories | 2 | |
| Year Built | 1969 | |
| Roof | Architectural Shingle | |
| Heating | Baseboard, Ductless | |
| Foundation | Slab | |
| Laundry Features | In Kitchen | |
| Parking Description | Parking Space(s) | |
Geographic Data | ||
| County | Mecklenburg | |
| Latitude | 35.26406 | |
| Longitude | -80.87465 | |
Address Information | ||
| Address | 421 Honeywood Avenue, Charlotte, NC 28216 | |
| Postal Code | 28216 | |
| City | Charlotte | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Coldwell Banker Realty | |
| Listing Office Phone | 704-541-5111 | |
| Listing Agent | Nick Lancetti | |
| Listing Agent Phone | 980-999-0399 | |
| Attribution Contact | nick.lancetti@cbrealty.com | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
| Terms | Cash, Conventional, Exchange | |
School Information | ||
| Elementary School | Unspecified | |
| Middle School | Unspecified | |
| High School | Unspecified | |
MLS Information | ||
| Days on market | 75 | |
| MLS Status | Under Contract-No Show | |
| Listing Date | Mar 24, 2026 | |
| Listing Last Modified | Jun 8, 2026 | |
| Tax ID | 06913312 | |
| MLS # | CAR4361372 | |
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 2026-08-25T20:10:42.109551Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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