600-650 S Main St - Apartments FOR SALE


Mooresville, NC 28115
$5,500,000 USD
704-831-4633
600-650 S Main St, Mooresville, NC for Sale
$5,500,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

600-650 S Main St
Mooresville, NC 28115


HIGHLIGHTS

  • Prime Mooresville Location: Situated near Lake Norman and downtown Mooresville, offering walkability and proximity to major lifestyle amenities.
  • Charlotte MSA Growth: Positioned in one of the fastest-growing metros in the Southeast, driving strong renter demand and rent appreciation.
  • Townhome-Style Living: Each unit provides private entrances and spacious layouts, creating a desirable alternative to traditional apartments.
  • Stable Occupancy Trends: Consistently strong leasing performance highlights the property’s appeal and dependable cash flow.
  • Established Community: Built in 2001, the property offers durable construction and functional layouts attractive to long-term tenants.
  • Strong Regional Connectivity: Immediate access to I-77 connects residents to Charlotte, employment centers, and regional retail corridors.

OVERVIEW

Marcus & Millichap is pleased to present 600 South Main Townhomes, a 30-unit multifamily community located in Mooresville, North Carolina. Built in 2001, the property combines modern functionality with stable occupancy trends in one of the fastest-growing submarkets of the Charlotte MSA. Mooresville, known as "Race City USA," continues to benefit from expanding employment drivers, proximity to Lake Norman, and strong population growth, creating long-term rental demand and upward pressure on rents. 600 South Main Townhomes offers investors a rare opportunity to acquire a well-maintained asset with proven operational history and embedded potential for rent growth through light value-add initiatives. The property’s central location within Mooresville provides residents with walkable access to retail, dining, and community amenities, while its quick connectivity to Interstate 77 ensures strong regional access to Charlotte and surrounding employment hubs.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

30

PRICE/UNIT

$183,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

600 South Main Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

62

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

DE

APN/PARCEL ID

4656-78-9608.000

ASK ABOUT THIS PROPERTY

Isaiah ShatzMarcus & MillichapMore Info
704-831-4633

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Isaiah ShatzMarcus & MillichapMore Info
704-831-4633

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