2201 Alma Ct - Apartments FOR SALE


Charlotte, NC 28206- J T Williams
$3,000,000 USD
615-971-1553
2201 Alma Ct, Charlotte, NC for Sale
$3,000,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

2201 Alma Ct
Charlotte, NC 28206
J T Williams


HIGHLIGHTS

  • Majority of units renovated
  • Significant Capital Improvements Completed
  • Directly in path of growth

OVERVIEW

This 22-unit multifamily community offers a strong lease-up and stabilization opportunity in North Charlotte with limited remaining execution risk as the improvements have been made! The property is currently ~64% occupied, with the majority of units renovated and remaining vacant units largely rent-ready, allowing for immediate NOI growth through leasing. Only the clubhouse/SFR unit and one additional unit remain unrenovated, while significant capital improvements, including new roofs, updated HVAC systems, and extensive unit renovations, have already been completed. Clubhouse built 1940, apartments are 1960. Located minutes from Camp North End and less than 10 minutes from Uptown Charlotte, the asset sits within an active growth corridor supported by durable rental demand.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$29 USD /SF

# OF UNITS

22

PRICE/UNIT

$136,364

CAP RATE

Request Cap Rate

% LEASED

64%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flats at 2200

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

R22MF

APN/PARCEL ID

077-052-49

ASK ABOUT THIS PROPERTY

Zach BrittBritt Commercial Real Estate LLCMore Info
615-971-1553

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Zach BrittBritt Commercial Real Estate LLCMore Info
615-971-1553

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