831 McAlway Rd - Apartments FOR SALE


Charlotte, NC 28211- Wendover-Sedgewood
$1,500,000 USD
615-971-1553
831 McAlway Rd, Charlotte, NC for Sale
$1,500,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

831 McAlway Rd
Charlotte, NC 28211
Wendover-Sedgewood


HIGHLIGHTS

  • The McAlway Chateau is nestled in a prime Cotswold neighborhood location, four 4 miles outside of Uptown Charlotte.
  • This is a turnkey investment opportunity with room to raise rents to market rates.
  • Cotswold attracts an affluent and highly educated demographic, with an average household income significantly above the city average at $102,154.
  • There is a proven plan in-place to renovate the final two-units and further improve the income stream.

OVERVIEW

This turnkey eight-unit apartment complex presents an exceptional investment opportunity in the Cotswold area of Charlotte, NC. Offering a strong tenant base, it is located in a prime location at the corner of McAlway Road and a block from N Wendover. The property includes four two-bedroom/ one-and-a-half-bath units and four one-bedroom/one-bath units, with six units fully renovated and requiring minimal maintenance. Conveniently located with retail nearby and easy access to all of Charlotte's best amenities, this property offers immediate income and long-term value.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McAlway Chateau

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

22,990 SF

ZONING

N2-B

APN/PARCEL ID

157-102-20

ASK ABOUT THIS PROPERTY

Zach BrittThe Moser Group, Inc.More Info
615-971-1553

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Zach BrittThe Moser Group, Inc.More Info
615-971-1553

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