1931 Mereview Ct - Apartments FOR SALE


Charlotte, NC 28210- Starmount Forest
$1,550,000 USD
615-971-1553
1931 Mereview Ct, Charlotte, NC for Sale
$1,550,000 USD
Apartments - FOR SALE
1/28
null | 6.06% Cap Rate

1931 Mereview Ct
Charlotte, NC 28210
Starmount Forest


HIGHLIGHTS

  • Turnkey portfolio delivering immediate income
  • Prime South Charlotte location with strong rental demand
  • HOA-managed exterior and water for reduced ownership burden
  • Diverse unit mix appealing to a broad tenant base
  • Excellent connectivity to I-77, I-485, SouthPark, and Ballantyne

OVERVIEW

This offering presents a rare opportunity to acquire a stabilized, income-producing portfolio of nine condominium units in the Sharon Lakes community of South Charlotte—one of the city’s most desirable and fastest-growing submarkets. The package includes six 2-bedroom/1.5-bath units, one 2-bedroom/2-bath unit, and two 3-bedroom/2.5-bath units, each well-maintained and averaging approximately 1,000 square feet. With all units currently leased, investors benefit from immediate cash flow and minimal management responsibilities thanks to an HOA that handles exterior maintenance and water service. Strategically positioned near major thoroughfares such as I-77 and I-485, the property offers convenient access to Uptown Charlotte, SouthPark, and Ballantyne, placing residents within minutes of premier retail, dining, and employment hubs. The surrounding area boasts strong demographics, consistent rental demand, and proximity to lifestyle amenities including the Little Sugar Creek Greenway and Quail Hollow Club. This turnkey investment combines dependable income with long-term appreciation potential in a thriving corridor.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

9

PRICE/UNIT

$172,222

CAP RATE

6.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9-Unit Condo Package, Sharon Lakes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

26

LAND DETAILS

LAND ACRES

42.09 AC

LAND SF

1,833,440 SF

ZONING

NB-2

APN/PARCEL ID

173-321-01

ASK ABOUT THIS PROPERTY

Zach BrittThe Moser Group, Inc.More Info
615-971-1553

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Zach BrittThe Moser Group, Inc.More Info
615-971-1553

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