Villa Heights Area of Charlotte Multi-Family 1917 Pegram St 4 Unit Apartment Building $1,175,000 ($293,750/Unit) Charlotte, NC 28205

Nestled in the heart of Charlotte’s vibrant Villa Heights neighborhood, 1917 Pegram Street presents a rare and compelling investment opportunity. This multifamily property is a quadraplex. Just a short walk from the bustling NODA district, residents enjoy immediate access to Charlotte’s premier nightlife, restaurants, breweries, and the Lynx Blue Line, making this location highly desirable for both short-term and long-term tenants. The building underwent a complete renovation in 2020, transforming it into a modern, turnkey set of residences. Each unit is thoughtfully outfitted with a full appliance package, including stackable washer/dryer units, ensuring convenience and comfort for tenants. The interiors are fully furnished, reflecting the properties’ history as corporate short term rentals for the past five years. This setup allows a new owner to seamlessly continue short-term operations or pivot to long-term leasing strategies. The exterior spaces are equally appealing, featuring green space shaded by mature trees and
a fenced-in dog/play park, enhancing the livability and charm of the community. With all units intentionally made vacant by the end of October 2025, the quadraplex offers a clean slate for investors to place vetted tenants on their own terms, maximizing rental income and operational control. The valuation of this portfolio is based on a Pro Forma financial model, which outlines the income potential and projected returns. Given the properties’ proximity to downtown Charlotte, and the ever-growing popularity of NODA, there is significant upside potential. Whether continuing with furnished short-term rentals or transitioning to long-term leases, this quadraplex is a strategic acquisition for investors seeking growth, flexibility, and location-driven value.
1917 has total building size of 3,584 sf.
Linens and towels come with each unit.