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2427 Carmine St 11 Unit Apartment Building Offered at $1,250,000 Charlotte, NC 28206
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.
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 | Opportunity Zone |
Yes
|
| Price | $1,250,000 |
| Price Per Unit | $113,636 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | |
| Building Size | 6,517 SF |
| Average Occupancy | 46% |
| No. Stories | 1 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 1+1 | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 077-051-05 | Improvements Assessment | $920,400 |
| Land Assessment | $194,900 | Total Assessment | $1,115,300 |
PROPERTY TAXES
Parcel Number
077-051-05
Land Assessment
$194,900
Improvements Assessment
$920,400
Total Assessment
$1,115,300
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Presented by
Britt Commercial Real Estate LLC
2427 Carmine St
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