919-781-6815
1357 Sharon Rd W, Charlotte, NC for Sale
Apartments - FOR SALE
1/26
null | Request Cap Rate

1357 Sharon Rd W
Charlotte, NC 28210
Starmount Forest


HIGHLIGHTS

  • Capture $128+ rent premiums with renovated units. Light upgrades ease a second-phase value-add. Upside: submetering, water billing, and w/d hookups.
  • With 7% rent growth and 95% occupancy, Sharon West excels despite supply pressure, showcasing strong demand, management, and community appeal.
  • Walking Distance to LYNX Light Rail Stop
  • With under 1% bad debt in 12 months, this property outperforms Charlotte peers. High renewal rates ensure stable cash flow from Day 1.
  • Sharon West, with $1M+ in improvements since 2023, needs no exterior CapEx, offering turnkey stability and potential for interior renovations.
  • Prime location near retail, dining, Carolina Pavilion. Close to major employers like Snyder’s-Lance, Amazon, Microsoft, offering great convenience.

OVERVIEW

Berkadia is excited to present Sharon West, a 72-unit property in south Charlotte. For the first time in 50+ years, this asset is being publicly listed for sale. Sharon West offers a prime value-add investment opportunity with strong market fundamentals and impressive performance. It has significant income growth potential through a second-phase renovation plan. The current owner purchased directly from the original development family and has made extensive capital improvements in the last two years, leaving minimal exterior capital needs but plenty of unit upside for the next investor. Conveniently located 100 yards from a light rail station along the main South Boulevard artery, it offers excellent access to major employers and amenities in Charlotte.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

72

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sharon West

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

138

LAND DETAILS

LAND ACRES

4.67 AC

LAND SF

203,425 SF

ZONING

R17MF

APN/PARCEL ID

173-233-05,173-233-06

ASK ABOUT THIS PROPERTY

Thomas ColaiezziBerkadiaMore Info
919-781-6815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Thomas ColaiezziBerkadiaMore Info
919-781-6815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.