325 Hall Ln - Apartments FOR SALE


Pineville, NC 28134- Outer South Charlotte
$2,550,000 USD
704-616-2487
325 Hall Ln, Pineville, NC for Sale
$2,550,000 USD
Apartments - FOR SALE
1/10
null | 6.24% Cap Rate

325 Hall Ln
Pineville, NC 28134
Outer South Charlotte


HIGHLIGHTS

  • Major Capital Improvements Completed
  • 100% Occupied
  • Strong In-Place Cash Flow
  • Value-Add Opportunity
  • 6 Units Remaining for Rent Increases
  • Prime Pineville Location

OVERVIEW

Rare opportunity to acquire a 100% occupied 12-unit apartment community in the highly desirable Pineville, NC market community consisting of 4 two-bedroom units and 8 one-bedroom units. The property has benefited from major capital improvements and offers investors immediate cash flow with significant upside potential. Ownership has successfully increased rents on six units, while the remaining six units provide a clear value-add opportunity through future rent growth. Conveniently located near Charlotte's major employment centers, shopping, and transportation corridors, this asset combines stable income with long-term appreciation potential. PLEASE DO NOT DISTURB TENANTS

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

12

PRICE/UNIT

$212,500

CAP RATE

6.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Karen Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

R7

APN/PARCEL ID

221-085-04

ASK ABOUT THIS PROPERTY

Ronny ChakraHRC Partners LLCMore Info
704-616-2487

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Ronny ChakraHRC Partners LLCMore Info
704-616-2487

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