NOT LISTED FOR SALE

1405 Catherine Simmons Ave Charlotte, NC 28216

Lincoln Heights Neighborhood
24 Beds
12 Baths
10,800 Sq Ft
1.32 Acres

Last Sold September 22, 2023

Last sale price $1,350,000 $125 Per Sq Ft

104 Days on Market

Highlights

  • Lawn
  • Living Room
  • Attached Carport
  • Cul-De-Sac
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of September 2023

ATTENTION ALL INVESTORS! Here's your chance to own a turn-key 12 unit apartment building in Charlotte NC. 12 units. 100% occupied. Individually metered so tenants pay for gas, electric, and water. All units are 2 bed / 1 bath with central HVAC and laundry hook ups. 9 of 12 units have been updated in last 12 months. Has great cash flow and located in an Opportunity Zone for those interested in the tax advantages. Great management team already in place and room to increase rents. Located near Uptown Charlotte, this area is prime for future development. Charlotte has ranked as a top location for investment the last 3 years. No more than 25% Seller financing available for qualified buyers with acceptable terms. Financials available upon request. Serious inquiries only, please!

Last Agent to Sell the Property

Jim Townsend

Townsend Realty Group License #243042 Listed on: 03/10/2023

Last Buyer's Agent

Tiffany Nguyen

Coldwell Banker Realty License #300584

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 303x110x350x150x95x40
  • Cul-De-Sac
  • Back Yard Fenced
  • Paved or Partially Paved Lot
  • Level Lot
  • Lawn

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 10,800 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Dining Area
  • Utility Room
  • Crawl Space
  • Electric Range

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Full Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • Attached Carport
  • Driveway

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for sewer
  • Assessor Parcel Number 075-044-28

Property Details

Home Type

Apartment

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Architectural Style: Ranch
  • Year Built: 1961
  • Restrictions: No Representation
  • Restrictions Description: no representation
  • Road Surface Type: Asphalt, Paved
  • ResoPropertyType: ResidentialIncome
  • Property Sub Type Additional: Garden
  • Geocode Confidence: High
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Room Other: Bedroom(s),Bathroom(s),Kitchen,Living Room,Dining Area,Laundry,Utility Room
  • Appliances: Electric Range, Refrigerator
  • Owner Pays: Sewer
  • Basement YN: No
  • Full Bathrooms: 12
  • Total Bedrooms: 24
  • Living Area: 10800
  • Building Stories: 1

Exterior Features

  • Exterior Features: Lawn Maintenance
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Back Yard, Fenced
  • Construction Type: Brick Partial, Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Carport Spaces: 6
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Attached Carport, Driveway, Parking Space(s)

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Utility Room, Washer Hookup
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Cul-De-Sac, Level, Paved
  • Lot Size Area: 1.329
  • Lot Size Units: Acres
  • Parcel Number: 075-044-28
  • Lot Size: 303x110x350x150x95x40
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R5

Green Features

  • Green Verification Count: 0

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: No

Multi Family

  • Number Of Units Total: 12

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $1,350,000 -3.5% $125 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
06/11/2023 06/11/23 Price Changed $1,399,000 -1.8% $130 / Sq Ft
05/11/2023 05/11/23 Price Changed $1,425,000 -2.1% $132 / Sq Ft
03/23/2023 03/23/23 Price Changed $1,455,000 -3.0% $135 / Sq Ft
03/10/2023 03/10/23 For Sale $1,500,000 -- $139 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4009716

Canopy MLS (Canopy Realtor® Association)

APN: 075-044-28