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Derita Woods Apartments 2607 Cedarhurst Dr 16 Unit Apartment Building $2,750,000 ($171,875/Unit) Charlotte, NC 28269
Investment Highlights
- Strong In-Place Rents Day One!
- Growth Corridor in North Charlotte / Derita area!
- NOI growth through renovating and leasing the 1 vacant unit
Executive Summary
2607 Cedarhurst Dr is a 16-unit multifamily offering an all 2BR/1BA unit mix averaging 841 SF, with the majority of interiors renovated and 15 of 16 units currently occupied and generating strong in-place cash flow + rents. Located in Charlotte's Derita submarket - just 5 miles from Uptown, 0.4 miles from I-85, near Camp North End, NoDa Arts District, transportation, retailers, employers, etc. All contribute to the consistent workforce housing demand in one of North Charlotte's most active rental corridors. There is additional NOI upside through renovating and leasing the remaining vacant unit!
Property Facts
| Price | $2,750,000 | Building Class | C |
| Price Per Unit | $171,875 | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 13,676 SF |
| No. Units | 16 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1969/2025 |
| Apartment Style | Low-Rise | Parking Ratio | 1.75/1,000 SF |
| Zoning | R-22MF(CD) - multi-family residential units | ||
| Price | $2,750,000 |
| Price Per Unit | $171,875 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 13,676 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2025 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | R-22MF(CD) - multi-family residential units |
Amenities
Unit Amenities
- Cable Ready
- Fireplace
- Oven
- Range
- Carpet
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 841 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 045-043-02 | Improvements Assessment | $911,000 |
| Land Assessment | $156,800 | Total Assessment | $1,067,800 |
Property Taxes
Parcel Number
045-043-02
Land Assessment
$156,800
Improvements Assessment
$911,000
Total Assessment
$1,067,800
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Presented by
Britt Commercial Real Estate LLC
Derita Woods Apartments | 2607 Cedarhurst Dr
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