2232 Alma Ct - Apartments FOR SALE


Charlotte, NC 28206- J T Williams
$950,000 USD
615-971-1553
2232 Alma Ct, Charlotte, NC for Sale
$950,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

2232 Alma Ct
Charlotte, NC 28206
J T Williams


HIGHLIGHTS

  • Value-Add with major CapEx completed
  • 3 of 4 Vacant Units Rent-Ready
  • Directly in Path of Growth

OVERVIEW

This 6-unit asset offers a clean value-add lease-up opportunity in North Charlotte with limited remaining execution risk. The property is currently ~33% occupied, with the majority of vacant units rent-ready and one unit requiring renovation, providing a clear path to near-term NOI growth. All units feature 2BR/1BA layouts averaging ~776 SF, with strong market rent support and substantial capital improvements already completed with the majority of units renovated, replaced roofs on 4, and HVACs. 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

$950,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

077-052-25

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.