2427 Carmine St - Multi-Family FOR SALE


Charlotte, NC 28206- J T Williams
$1,250,000 USD
615-971-1553
2427 Carmine St, Charlotte, NC for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/30
null | Request Cap Rate

2427 Carmine St
Charlotte, NC 28206
J T Williams


HIGHLIGHTS

  • Value-Add Opportunity
  • Some vacant units immediately Rent-Ready
  • Directly in path of growth

OVERVIEW

This 11-unit multifamily asset offers a straight-forward value-add opportunity in North Charlotte's path of growth. The property is currently ~45% occupied, with some vacancies immediately rent-ready and others requiring finishing the renovation plan to drive NOI growth. The unit mix consists of six 2BR/1BA units and 5 1BR/1BA units. Significant capital improvements have been carried out by current ownership including exterior, roof, HVACs, and multiple unit renovations.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

11

PRICE/UNIT

$113,636

CAP RATE

Request Cap Rate

% LEASED

46%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

077-051-05

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.