$675,000
$899,000
24.9%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
7 Baths
2,561 SqFt
SOLD DATE : 11/03/2023
Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type Sevenplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,561 sqft
Price per Sqft $263
Subdivision Elizabeth
MLS Listing ID 4039371
Sold Date 11/03/23
Style Arts and Crafts
Bedrooms 7
Full Baths 7
Year Built 1930
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 75 x 131.4 x 77 x 121.8
Property Description
Calling all investors! In-town rental opportunity — 2 rental buildings with 7 total units. Amazing Elizabeth location — close proximity to Novant Hospital, Uptown, Plaza Midwood and all that Charlotte has to offer. Great cash flow opportunity with potential room to increase rental rates. Two of the units, in the detached building, do not have permanent heat sources and are not included in the total square footage; they each use space heaters and window a/c units. One is 700 square feet, the other is 793. The main building has one furnace that serves all 5 units; each has an individual window a/c. Tenants pay for gas stove use, electricity (in building 2) and cable/internet. Owner pays for furnace gas, and water. Electricity is included in rent for main building.
Location
State NC
County Mecklenburg
Zoning N1-C
Rooms
Basement Interior Entry, Partial, Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Fireplace false
Appliance Gas Cooktop, Gas Water Heater
Exterior
Utilities Available Electricity Connected, Gas
Garage false
Building
Lot Description Level
Foundation Crawl Space
Sewer Public Sewer
Water City
Architectural Style Arts and Crafts
Structure Type Concrete Block,Wood
New Construction false
Schools
Elementary Schools Eastover
Middle Schools Sedgefield
High Schools Myers Park
Others
Senior Community false
Restrictions No Representation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Subject to Lease
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