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2416 Julia Ave
Charlotte, NC 28206
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Value-Add Opportunity
- Stand-alone units with stronger tenant appeal
- Growth Corridor of North Charlotte
Executive Summary
2416 Julia presents an opportunity to acquire a 12-unit community comprised entirely of standalone 2BR/1BA homes, offering tenants the privacy and feel of single-family living. All utilities are individually metered. The property presents a compelling value-add opportunity through renovation and lease-up, with eight units currently occupied and the remaining units offering immediate upside through vacancy and turnover. Baseboard heat and window A/C keep maintenance straightforward
Property Facts
| Price Per Unit | $112,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.97 AC |
| No. Units | 12 | Building Size | 8,294 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R22MF - Residential Multifamily | ||
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 8,294 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
| Zoning | R22MF - Residential Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 700 |
Property Taxes
| Parcel Number | 077-051-09 | Improvements Assessment | $897,800 |
| Land Assessment | $339,400 | Total Assessment | $1,237,200 |
Property Taxes
Parcel Number
077-051-09
Land Assessment
$339,400
Improvements Assessment
$897,800
Total Assessment
$1,237,200
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