$125,000
$125,000
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2 Beds
1 Bath
915 SqFt
SOLD DATE : 09/22/2021
Key Details
Sold Price $125,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 915 sqft
Price per Sqft $136
Subdivision Park Plaza
MLS Listing ID 3780355
Sold Date 09/22/21
Bedrooms 2
Full Baths 1
HOA Fees $85/mo
HOA Y/N 1
Year Built 1965
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Amazing opportunity to own a full brick Condo with positive cash flow near HOT and desirable neighborhoods Noda and Plaza Midwood right off the Plaza Rd and just 12 minutes from uptown Charlotte. Great investment with low maintenance and potential for significant rental increase. Or Provide tenant a notice to vacate and make it your personal residence. Tenant pays all utilities including lawn care. This well performing condo features about 915' with 2 bedrooms, 1 bath, living room and eat-in kitchen, laundry and concrete patio. Yearly rental income is $9,540 Market rents for units this size are $1100 (Potential yearly rent is $13,200 after some cosmetic renovation) Inherit a long term stable tenant that has never missed a payment even through the pandemic. ( DO NOT DISTURB TENANT. DO NOT WALK THE PROPERTY WITHOUT AUTHORIZATION). Viewings ONLY after accepted contract. DD fee won't be due until the day of the walkthrough. Professional management company in place.
Location
State NC
County Mecklenburg
Building/Complex Name none
Interior
Interior Features Cable Available
Heating Central, Forced Air, Gas Hot Air Furnace
Flooring Carpet, Vinyl
Fireplace false
Appliance Cable Prewire, CO Detector, Electric Range, Exhaust Fan, Exhaust Hood, Refrigerator
Exterior
Roof Type Shingle
Parking Type None
Building
Building Description Brick, 1 Story
Foundation Crawl Space
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
HOA Name William Douglas Management Compan
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Valerie Warren • EXP Realty LLC