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Browse More Listings in Multifamily For Sale, Charlotte, NC or North Carolina

Multifamily Property For Sale

16th on the Green

612 E 16th St, Charlotte, NC 28206

Price:
$175,000
No. Units:
6
Building Size:
12,000 SF
Price/Unit:
$29,166.67
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Construction Status:
Under Construction
Find Out More...

Last Verified 10/23/2009 Listing ID 15810781

Description

Multifamily development opportunity in Charlotte, NC. Two lots zoned MF-22, fully permitted and entitled for a total of 6 units. Site is cleared. Plans, permits, renderings & condo docs all included. Each unit is 1,500 sqft with a two car garage. Huge upside as the area continues to be developed and the residential market improves. Located in one of Charlotte' s fastest growing corridors. Site is ready to go! Ideal situation for a developer looking to add profitable inventory. Current owner is no longer in the business. Land cost per unit (including full architectural plans) only $29,200. Brokers welcome, seller offering 6% to buyer's broker. Full arcitectural plans available for review.

Located on East 16th Street, directly off North Davidson St. Only .5 miles from Uptown Charlotte, NODA and Charlotte' s Arts District. Property is adjacent to Charlotte' s Greenway; once complete, the Greenway will connect numerous neighborhoods and parks via bike and walking paths. Units are designed for privacy facing the Greenway. Numerous residential and condo developments already in the area.

Map of 612 E 16th St, Charlotte, NC 28206 (Mecklenburg County)

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Created 7/20/2008

Additional Information for 612 E 16th Street, Charlotte, NC 28206

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 16th on the Green

612 E 16th St, Charlotte, NC, 28206