2607 Cedarhurst Dr - Apartments FOR SALE


Charlotte, NC 28269- Derita-Statesville
$2,750,000 USD
615-971-1553
2607 Cedarhurst Dr, Charlotte, NC for Sale
$2,750,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

2607 Cedarhurst Dr
Charlotte, NC 28269
Derita-Statesville


HIGHLIGHTS

  • Strong In-Place Rents Day One!
  • NOI growth through renovating and leasing the 1 vacant unit
  • Growth Corridor in North Charlotte / Derita area!

OVERVIEW

2607 Cedarhurst Dr is a 16-unit multifamily offering an all 2BR/1BA unit mix averaging 841 SF, with the majority of interiors renovated and 15 of 16 units currently occupied and generating strong in-place cash flow + rents. Located in Charlotte's Derita submarket - just 5 miles from Uptown, 0.4 miles from I-85, near Camp North End, NoDa Arts District, transportation, retailers, employers, etc. All contribute to the consistent workforce housing demand in one of North Charlotte's most active rental corridors. There is additional NOI upside through renovating and leasing the remaining vacant unit!

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

16

PRICE/UNIT

$171,875

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Derita Woods Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

R-22MF(CD)

APN/PARCEL ID

045-043-02

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.