$2,800,000
$2,900,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
24 Baths
1.73 Acres Lot
SOLD DATE : 08/30/2023
Key Details
Sold Price $2,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4048385
Sold Date 08/30/23
Year Built 1985
Lot Size 1.735 Acres
Acres 1.735
Property Description
Since acquisition the entire complex has been rehabbed inside and out with over 400k spent in cap ex to include: new landscape, new decks, new porches, new flooring, new paint (interior and exterior), new security and lighting, new kitchens, new interior fixtures, new bathrooms including vanities, fixtures, toilets, and lighting, 7/12 HVAC replacements, and more!!
8/12 units are long term rentals market rent 1525.00/mo
4/12 units are mid-term rentals serving travel nurses and medical professionals at 2000.00/mo-2295.00/mo
100% Occupancy/5star reviews and waiting list!
Value Add Strategy:
Water bill back
Additional conversion of long term rentals to mid term rentals
All furnishings to convey.
Seller financing available.
Location
State NC
County Mecklenburg
Zoning R17MF
Interior
Heating Electric, Heat Pump
Cooling Heat Pump
Flooring Carpet, Vinyl
Appliance Dishwasher, Disposal, Dryer, Dual Flush Toilets, Electric Cooktop, Refrigerator, Washer
Exterior
Fence Back Yard
Utilities Available Cable Available, Electricity Connected
Roof Type Shingle
Building
Lot Description Creek Front, Private
Foundation Crawl Space
Sewer Public Sewer
Water City
Structure Type Vinyl
New Construction false
Others
Senior Community false
Restrictions No Restrictions
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Sandy Bondurant • Real Broker, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1876 Shady Ln, Newton, Carolina, 28658, United States