1357 Sharon Rd W - Apartments FOR SALE
Charlotte, NC 28210 |
1357 Sharon Rd W
Charlotte, NC 28210
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.
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Sharon West
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
76578
STORIES
2
YEAR BUILT
1987
PARKING SPACES
138
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
173-233-05,173-233-06
