$308,000
$299,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,830 SqFt
SOLD DATE : 10/07/2021
Key Details
Sold Price $308,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,830 sqft
Price per Sqft $168
Subdivision Lake Plaza
MLS Listing ID 3780347
Sold Date 10/07/21
Bedrooms 4
Full Baths 2
Year Built 1966
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Amazing opportunity to own a full brick duplex 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 live in one side and rent the other. Tenants pay all utilities including lawn care. each unit is about 915' with 2 bedrooms, 1 bath, living room and eat-in kitchen, laundry and concrete patio. Yearly rental income is $19,080. Market rents for units this size are $1100 (Potential yearly rents are $26,400 after some cosmetic renovation) Inherit long term stable tenants that have never missed a payment even through the pandemic. ( DO NOT DISTURB TENANTS, DO NOT WALK THE PROPERTY WITHOUT AUTHORIZATION. Viewings ONLY after accepted contract. DD fee won't be due until the day of the walkthrough. New Roof and gutters installed in 2020. Professional management company in place.
Location
State NC
County Mecklenburg
Interior
Heating Central, Forced Air, Gas Hot Air Furnace
Flooring Carpet, Vinyl
Fireplace false
Appliance Cable Prewire, Ceiling Fan(s), CO Detector, Electric Range, Exhaust Fan, Refrigerator
Exterior
Parking Type None
Total Parking Spaces 2
Building
Building Description Brick, Duplex
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
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Carla Rodriguez • NorthGroup Real Estate, Inc.