$11,842,000

Estimated payment $66,254/month

Total Views 13,649
-- Bed
-- Bath
42,000 Sq Ft
$282 Price per Sq Ft

About This Home

This Prime Real Estate Portfolio in the Charlotte Metro Area offers a strong and diverse mix of properties, totaling 49 units

Key Points:
Diverse Property Mix: Includes 6 multi units, 1 10-unit complex, single-family and development opportunities, strategically located in high-demand areas.
Low Turnover: Professionally managed, with minimal vacancy and consistent rental income.
Minimal HOA Impact: Only 1 property with HOA involvement.
Income & Growth Potential: The portfolio generates around $700,000 in annual gross income with upside potential for rent increases and possible addition of units.
This portfolio is a great opportunity for investors looking for both short-term income and long-term value appreciation in a rapidly growing metro area. For more details and an updated property list, feel free to reach out.

Please note listing description is reflective of address listed, all properties are different and varied attributes inquire with listing agents for more detail.

Listing Agent

Kevin Brown

Charlotte Living Realty Brokerage Email: kbrown150@gmail.com License #273423

Co-Listing Agent

Paul Sagadin

Charlotte Living Realty Brokerage Email: kbrown150@gmail.com License #261223

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,414

Year Built

  • Built in 1955

Home Design

  • 42,000 Sq Ft Home

Utilities

  • Central Air
  • Window Unit Cooling System

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 093-094-09

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,414

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Portfolio
  • Year Built: 1955
  • Road Surface Type: None, Other
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: kbrown150@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Appliances: Other
  • Owner Pays: None
  • Above Grade Finished Sq Ft: 42000
  • Has Basement: Other
  • Basement YN: Yes
  • Living Area: 42000

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Other - See Remarks

Utilities

  • Heating: Other - See Remarks
  • Sewer: Public Sewer
  • Laundry Features: Other - See Remarks
  • Cooling: Central Air, Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 0.21
  • Lot Size Units: Acres
  • Parcel Number: 093-094-09
  • ResoLotSizeUnits: Acres
  • Zoning Specification: none

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Call

Multi Family

  • Number Of Units Total: 49

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $3,414 $499,500 $350,000 $149,500
2022 $3,414 $327,800 $225,000 $102,800
2021 $3,392 $327,800 $225,000 $102,800
2020 $3,378 $327,800 $225,000 $102,800
2019 $3,346 $327,800 $225,000 $102,800
2018 $1,993 $140,700 $71,300 $69,400
2017 $1,947 $140,700 $71,300 $69,400
2016 $1,928 $140,700 $71,300 $69,400
2015 $1,905 $140,700 $71,300 $69,400
2014 $1,885 $140,700 $71,300 $69,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2025 02/13/25 For Sale $11,842,000 0.0% $282 / Sq Ft
02/14/2024 02/14/24 Rented $1,450 0.0% --
02/01/2024 02/01/24 For Rent $1,450 +21.3% --
10/28/2019 10/28/19 Rented $1,195 0.0% --
10/10/2019 10/10/19 For Rent $1,195 +33.5% --
05/06/2014 05/06/14 Rented $895 -5.8% --
05/06/2014 05/06/14 For Rent $950 -- --
Source: Canopy MLS (Canopy Realtor® Association)

Deed History

Date Type Sale Price Title Company
Trustee Deed $69,500 None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $165,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,100,000 New Conventional
Closed $2,025,000 Commercial
Closed $241,500 Stand Alone Refi Refinance Of Original Loan
Closed $90,000 New Conventional
Previous Owner $16,500 Credit Line Revolving
Previous Owner $132,122 Unknown
Source: Public Records

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4222256

Canopy MLS (Canopy Realtor® Association)

APN: 093-094-09