If you need assistance, please call 704-287-3868

Melonee Ray
704-287-7875
DESCRIPTION

This listing is updated to include 37 Rental Properties. Current monthly expected gross income $30,413. Expected Yearly Gross Rental Income is $364,956. Projected net income is $255,469. This is a well seasoned Residential Rental Portfolio. Low turn over, low vacancy, high occupancy. Ideal for buyers targeting cap rates of 5%-6%. All of the properties are in established neighborhoods with high demand. Property locations include areas near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rates range from $500 to $1675 per month. Tenants pay utilities. Qualified investors with cash, cash equivalent, 50%-60% leveraged transactions welcome! Do not disturb residents. This listing does not include all the necessary information required to analyze this portfolio. The listing template is limited to a single site multi family property. However, this listing includes multiple properties and multiple locations. Contact a Realtor for details

KEY DETAILS
  • Price:
  • $4,800,000
  • Bedrooms:
  • 98
  • Full Baths:
  • 44
  • Half Baths:
  • 4
  • Square Footage:
  • 1,436
  • Acreage:
  • 0.22
  • Year Built:
  • 1991
  • MLS #:
  • 3396110
  • Street Address:
  • 1121 Polk St
  • City:
  • Charlotte
  • State:
  • NC
  • Postal Code:
  • 28206
  • County:
  • Mecklenburg
  • Subdivision:
  • Greenville
  • Listing Status:
  • For Sale - Under Contract-No Show

Building

  • Construction Description:
  • Brick Veneer Partial, Vinyl, Wood
  • Construction Status:
  • Complete
  • Construction Type:
  • Site Built
  • Exterior Features:
  • Deck
  • Flooring:
  • Carpet, Vinyl/Linoleum, Wood
  • Foundation:
  • Basement, Crawl Space, Slab
  • Number Of Units:
  • 37
  • Porch Description:
  • Covered, Patio
  • Total Building Square Footage:
  • 1436
  • Year Built:
  • 1991

Land

  • Lot Features:
  • Level

Listing

  • Days On Market:
  • 236

Money

  • Association Fees Payment Frequency:
  • Monthly
  • Tenant Pays:
  • All Utilities, Other

Rooms

  • Laundry:
  • Main
  • Other Rooms:
  • Bathroom(s), Bedroom(s), Breakfast, Dining Area, Kitchen, Master Bedroom, Utility

Structures

  • Driveway:
  • Asphalt, Concrete
  • Parking Description:
  • On-Street Parking, Parking Space - 2

Systems

  • Equipment:
  • Cable Prewire, Co Detector
  • Existing Water:
  • City Water
  • Hvac:
  • Central Air, Electric Baseboard Heat, Gas Hot Air, Window Unit
  • Sewage Type:
  • City Sewer
  • Water Heater:
  • Gas

Source

  • Listing Provided By Dpw Realty Group Inc

    CRRA
School data provided by
GreatSchools
REQUEST SHOWING
SCHOOL RATINGS
2
2
2

WEST CHARLOTTE HIGH
High School
Public

NOTES

No notes have been added for this home.

CONTACT AN AGENT

SCORECARD

0
PROS
0
CONS
Condition
Location
Nearby
Schools
Taxes
  • Add Note
  • Add to Notebook
  • Share
  • ;