NOT LISTED FOR SALE
16 Beds
8 Baths
5,400 Sq Ft
0.31 Acres

Last Sold November 17, 2017

Last sale price $625,000 $116 Per Sq Ft

79 Days on Market

Highlights

  • Corner Lot
  • Garden Home
  • 5-minute walk to Five Points Plaza
  • Tile Flooring

About This Home

As of November 2017

Amazing Opportunity at a very rare Eight-Plex on the precipice of greatness. Great chance to properly utilize and manage this property for proven $900/mo rent (UNIT A in 1519) for a 12+% gross Cap potential on list price. ALL but one UNIT OCCUPIED, full lease up is on the way - Several tenants are MTM, others have leases expiring this year, with the right management strategy, This property is a huge Cash cow with potential of $86,400 Annual rents just by meeting the current market!

Last Agent to Sell the Property

Steve Casselman

EXP Realty LLC Ballantyne License #272611 Listed on: 05/22/2017

EXP Realty LLC Ballantyne

Last Buyer's Agent

Amir Behdani

Behdani Realty Company License #224513

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • Corner Lot

Parking

  • Gravel Driveway

Home Design

  • Garden Home

Interior Spaces

  • 8 Full Bathrooms
  • Insulated Windows
  • Crawl Space

Flooring

  • Laminate
  • Tile

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 078-182-11

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Eightplex
  • Architectural Style: Garden
  • Ratio Close Price By List Price: 0.89298
  • Ratio Close Price By Original Li: 0.89298
  • Ratio Current Price By Acre: 2016129.03
  • Ratio Current Price By Sq Ft: 115.74
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 8
  • Total Bedrooms: 16
  • Doors and Windows: Insulated Windows
  • Equipment: Electric Range, Exhaust Hood, Electric Oven
  • Flooring: Laminate Wood, Tile
  • Total Sq Ft: 5400

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Parking Space - 4+

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: irregular
  • Lot Features: Corner Lot
  • Lot Size Area: 0.310
  • Parcel Number: 078-182-11
  • Zoning: Multi Family Dwelling
  • Zoning Specification: B1

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 153200.00
  • Tax Location: Charlotte

Multi Family

  • Unit Count: 8
  • Number Of Units Total: 8

Range of Values:

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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
11/17/2017 11/17/17 Sold $625,000 -10.7% $116 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
05/22/2017 05/22/17 For Sale $699,900 -- $130 / 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: CAR3283899

Canopy MLS (Canopy Realtor® Association)