229 W Glendale Ave - Apartments FOR SALE


Mount Holly, NC 28120
$1,590,000 USD
229 W Glendale Ave, Mount Holly, NC for Sale
$1,590,000 USD
Apartments - FOR SALE
1/5
null | 8% Cap Rate

229 W Glendale Ave
Mount Holly, NC 28120


HIGHLIGHTS

  • Great Location close to Charlotte, CLT airport, Belmont, New Caramont hospital and the Whitewater Center
  • Mostly Renovated
  • Walkable to schools and downtown Mount Holly

OVERVIEW

**Turnkey, Stabilized 11-Unit Townhome Community in Growing Mount Holly** Glendale Oaks is a professionally renovated 11-unit townhome property featuring **7 fully updated units** with quartz counters, stainless appliances, and LVP flooring. **Four inherited legacy tenants remain. Four long-tenured tenants remain.** Community upgrades include **new asphalt parking**, refreshed exterior paint/siding, landscaping, and adjacency to **Ransom Hunter Park** with **walkability to Downtown Mount Holly** and schools. Minutes to I-85/I-485, Uptown Charlotte, CLT Airport, and the new CaroMont Hospital. **Buy stabilized cash flow with some rental upside in a high-growth suburb — turnkey from day one.**

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

11

PRICE/UNIT

$144,545

CAP RATE

8%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glendale Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,438 SF

ZONING

APT02

APN/PARCEL ID

124153

ASK ABOUT THIS PROPERTY

Mike HehirBasecamp Real EstateMore Info

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

Mike HehirBasecamp Real EstateMore Info

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