916 Bromley Rd - Apartments FOR SALE


Charlotte, NC 28207- Myers Park
$1,900,000 USD
615-971-1553
916 Bromley Rd, Charlotte, NC for Sale
$1,900,000 USD
Apartments - FOR SALE
1/35
null | 5.83% Cap Rate

916 Bromley Rd
Charlotte, NC 28207
Myers Park


HIGHLIGHTS

  • Irreplaceable, PRIME, Myers Park Location
  • Historic Charm, Modern Appeal
  • Priced Below Tax Value

OVERVIEW

Nestled within the northern gateway of Myers Park, Charlotte’s most prestigious and enduring neighborhood, this Bromley Road property represents the type of generational asset that rarely reaches the market. The eight-unit, one-bedroom apartment/condominium building sits on nearly half an acre of prime real estate, surrounded by a mature tree canopy. The location is walkable to the very amenities that make Myers Park a perennial draw for residents. The current owner holds all eight condo units, and after completing a thorough renovation in 2016 that included an upgrade of all building systems, has been successfully leasing this high demand property. Combining an irreplaceable location, historic charm with modern updates, in-place income with clear upside and a uniquely flexible exit option, 916 Bromley is a true generational hold in one of Charlotte’s most desirable neighborhoods.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$396 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

5.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,692 SF

ZONING

N2-B

APN/PARCEL ID

125-242-31,125-242-32,125-242-33,125-242-34,125-242-35,125-242-36,125-242-37,125-242-38

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.