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1357 Sharon Rd W
Charlotte, NC 28210
Sharon West · Multifamily Property For Sale
·
72 Units
Investment Highlights
- Capture $128+ rent premiums with renovated units. Light upgrades ease a second-phase value-add. Upside: submetering, water billing, and w/d hookups.
- Walking Distance to LYNX Light Rail Stop
- Sharon West, with $1M+ in improvements since 2023, needs no exterior CapEx, offering turnkey stability and potential for interior renovations.
- With 7% rent growth and 95% occupancy, Sharon West excels despite supply pressure, showcasing strong demand, management, and community appeal.
- With under 1% bad debt in 12 months, this property outperforms Charlotte peers. High renewal rates ensure stable cash flow from Day 1.
- Prime location near retail, dining, Carolina Pavilion. Close to major employers like Snyder’s-Lance, Amazon, Microsoft, offering great convenience.
Property Facts
| No. Units | 72 | Lot Size | 4.67 AC |
| Property Type | Multifamily | Building Size | 76,578 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.92/1,000 SF |
| Zoning | R17MF - Multifamily Residential | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.67 AC |
| Building Size | 76,578 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | R17MF - Multifamily Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Range
- Carpet
- Wi-Fi
- Freezer
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Grill
- Smoke Free
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 675 |
| 2+1.5 | 22 | - | 915 |
| 3+2 | 20 | - | 1,127 |
| 3+1.5 | 16 | - | 1,320 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,686,200 | |
| Land Assessment | $3,318,900 | Total Assessment | $11,005,100 |
Property Taxes
Parcel Numbers
Land Assessment
$3,318,900
Improvements Assessment
$7,686,200
Total Assessment
$11,005,100
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