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2427 Carmine St 11 Unit Apartment Building Offered at $1,250,000 Charlotte, NC 28206

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Investment Highlights

Value-Add Opportunity
Directly in path of growth

Some vacant units immediately Rent-Ready

Executive Summary

This 11-unit multifamily asset offers a straight-forward value-add opportunity in North Charlotte's path of growth. The property is currently ~45% occupied, with some vacancies immediately rent-ready and others requiring finishing the renovation plan to drive NOI growth. The unit mix consists of six 2BR/1BA units and 5 1BR/1BA units. Significant capital improvements have been carried out by current ownership including exterior, roof, HVACs, and multiple unit renovations.

Final_2427Carmine

Property Facts

Price	$1,250,000	Building Size	6,517 SF
Price Per Unit	$113,636	Average Occupancy	46%
Sale Type	Investment	No. Stories	1
No. Units	11	Year Built	1963
Property Type	Multifamily Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,250,000
Price Per Unit	$113,636
Sale Type	Investment
No. Units	11
Property Type	Multifamily Multifamily Apartments
Building Size	6,517 SF
Average Occupancy	46%
No. Stories	1
Year Built	1963
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.