$145,000

Estimated payment $1,188/month

Total Views 22,494
2 Beds
2 Baths
881 Sq Ft
$165 Price per Sq Ft

Highlights

  • Hot Property
  • Lawn
  • Balcony
  • Traditional Architecture
  • Community Pool
  • Walk-In Closet

About This Home

Excellent Charlotte investment opportunity now available! This fully leased condo, rented at $1450/mo, presents a turnkey asset with immediate cash flow. The property is generating a strong Net Operating Income (NOI) of $11,987. For an investor utilizing financing, this translates to an impressive 9% cash-on-cash return after debt service. This is a rare chance to acquire a stable, income-producing property with a proven performance history, offering a hands-off investment with strong returns. Do not miss this opportunity to invest in one of the fastest growing market in USA!

Listing Agent

Mike Morrell

Keller Williams Connected Brokerage Email: mike@dreamteamunited.com License #271648 Listed on: 09/23/2025

Keller Williams Connected

Co-Listing Agent

Ola van Zyl

Keller Williams Connected Brokerage Email: mike@dreamteamunited.com License #337382

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

HOA Fees

  • $334 Monthly HOA Fees

Parking

  • 2 Open Parking Spaces

Home Design

  • Traditional Architecture
  • Entry on the 3rd floor
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 881 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Flooring

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Schools

  • Grove Park Elementary School
  • North Ridge Middle School
  • Rocky River High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • Lawn

Listing and Financial Details

  • Assessor Parcel Number 107-162-58

Community Details

Overview

  • Cams Association, Phone Number (877) 672-2267
  • Mid-Rise Condominium
  • Rosecroft Subdivision
  • Mandatory home owners association

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0

HOA Fees

$334 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Year Built: 1986
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 164.59
  • Property Sub Type Additional: Mid-Rise
  • Geocode Confidence: High
  • Attribution Contact: mike@dreamteamunited.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 3
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Cable Prewire, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 881
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 881
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 881
  • Bedroom Main: 2
  • Room Count: 8

Exterior Features

  • Exterior Features: Lawn Maintenance
  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl
  • Patio And Porch Features: Balcony

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Outdoor Pool
  • Association Fee: 334.29
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: CAMS
  • Phone: 877-672-2267
  • Association: Yes

Association/Amenities

  • Association Annual Expense: 4011.48

Schools

  • Middle Or Junior School: North Ridge
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 107-162-58
  • Land Included Yn: 0
  • Additional Parcels: No
  • Zoning Specification: R17MF

Rental Info

  • Pets Allowed: No

MLS Schools

  • Elementary School: Grove Park
  • High School: Rocky River

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
2025 -- $122,511 -- $122,511
2024 -- $122,511 -- $122,511
2023 $1,038 $122,511 $0 $122,511
2022 $517 $53,600 $0 $53,600
2021 $632 $53,600 $0 $53,600
2020 $624 $53,600 $0 $53,600
2019 $609 $53,600 $0 $53,600
2018 $465 $29,800 $6,000 $23,800
2017 $449 $29,800 $6,000 $23,800
2016 $439 $29,800 $6,000 $23,800
2015 $428 $29,800 $6,000 $23,800
2014 $422 $51,700 $6,000 $45,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2025 09/23/25 For Sale $145,000 +43.6% $165 / Sq Ft
12/10/2020 12/10/20 Sold $101,000 -3.7% $114 / Sq Ft View Prior Sale
11/17/2020 11/17/20 Pending -- -- --
11/16/2020 11/16/20 For Sale $104,900 -- $119 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $101,000 None Available
Warranty Deed $46,000 Tiago National Title
Source: Public Records

About the Listing Agent

Mike Morrell

Keller Williams Connected

(704) 802-1831

Section Image

I've been in the "house business" for most of my life. Growing up, my mother was a real estate agent and my father was a general contractor — so it’s fair to say building and selling homes is in my blood. After serving in the Marine Corps, I knew I wanted a career that would allow me to use my discipline, drive, and passion for helping people. Real estate was a natural fit.
I started by selling construction materials to home builders while working part-time in real estate. Later, I

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4305440

Canopy MLS (Canopy Realtor® Association)

APN: 107-162-58