This Multifamily Property is Off-Market.

3623 Hashem Drive
Charlotte, NC 28208 ·

98 Units · Multifamily For Sale

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98-Unit Glenwood Point Apartments

Price N/A Property Use Type Investment
No. Units 98 Occupancy 90%
Building Size 76,679 SF Year Built 1967
Property Type Multifamily Lot Size 5.96 SF
Property Sub-type Garden/Low-Rise
Listing ID: 15875884 Date Created: 09/02/2008 Last Updated: 12/31/2008

Description

REAL ESTATE AUCTION - SATURDAY, OCTOBER 18, 2008 @ 11:00 AM
LOCATED AT EMBASSY SUITES HOTEL CHARLOTTE, 4800 S. Tryon St.

98-UNIT GLENWOOD POINT APARTMENTS- CHARLOTTE, NC
Currently 97% Occupied / $600,000+ Shed. Gross Income / RESERVE PRICE: $1,645,000/ $16,785 Per Unit
ONSITE INSPECTIONS: TUES., OCTOBER 7TH & WED., OCTOBER 15TH FROM 10:00 AM TO 12:00 NOON

FAMILY ESTATE PLANNING REQUIRES IMMEDIATE SALE.

18 one and two story all brick and brick/wood façade buildings from 2929 sq. ft. to 7322 sq. ft. built bet. 1965-67 on 14 individual land parcels totaling 5.96 acres. 98 total units including (3) 4-BR/2 Bath, (1) 3-BR/1.5 Bath, (54) 2-BR/1.5 Bath, (39) 1-BR/1 Bath, and an on-site office with 3 Washers and 3 Dryers for community use. Over $600,000 in scheduled gross annual income at full occupancy. Currently 97% occupied with rents from $425 to $700/mo. Tenants responsible for electric and cable. Owner pays city water. 24 units feature central heat and A/C. SEE ATTACHED BROCHURE FOR MORE DETAILS. RENT ROLLS AVAILABLE UPON REQUEST.CALL JASON DOLPH AT OR 14 TOTAL NC PROPERTIES IN THE AUCTION

3623-3733 Hashem Dr. (formally Bahama Ct.) and 3807-3823 Annisa Ct. (formally Texas Ct.) in northwest Charlotte off Glenwood Dr. between Tuckaseegee Rd. and I-85 Exit 35 just 2 ½ Miles from Downtown. Charlotte frequently ranks as one of America' s most livable cities, and is the corporate home to Bank of America, Wachovia Bank, and the future NASCAR Hall of Fame. Convenient to city transit, airport, shopping, and schools.

PLEASE WHEN EMAILING FOR MORE INFORMATION, PLEASE INCLUDE YOUR MAILING ADDRESS AND MORE INFORMATION WILL BE SENT TO YOU VIA US MAIL. THANK YOU.

Highlights

  • REAL ESTATE AUCTION
  • SATURDAY, OCTOBER 18, 2008 @ 11:00 AM
  • AUCTION LOCATED AT EMBASSY SUITES HOTEL CHARLOTTE
  • RESERVE PRICE: $1,645,000
  • 1031 EXCHANGES WELCOMED
  • ADDITIONAL NORTH CAROLINA APARTMENT AND COMMERCIAL PROPERTIES OFFERED

Research

3623 Hashem Drive, Charlotte, NC 28208 (Mecklenburg County)

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