10 Units

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10 Units

Charlotte, NC 28206
Asking Price
$1.50M
Asset Type
Multifamily
Class
Class B

What's Special

This 10-unit multifamily property is located in Charlotte, North Carolina, situated within a residential corridor characterized by a mix of single-family homes and mid-sized apartment complexes. The asset offers proximity to major employment hubs in Uptown and the South End, featuring convenient access to the I-77 and I-85 intersections. Neighborhood amenities include several grocery-anchored shopping centers, public parks, and local dining options within a two-mile radius. The property is also positioned near multiple Charlotte Area Transit System (CATS) bus routes, providing reliable public transportation links throughout the metropolitan area. The property is suited for a residential investment strategy focused on long-term rental income. Given the configuration and location, the asset typically attracts a tenant profile consisting of local service-industry professionals, commuters, and small households seeking proximity to urban centers. The 10-unit scale is appropriate for private investors or syndicates looking for a manageable footprint within a growing submarket. The site's layout supports traditional long-term leasing models, benefiting from the consistent demand for workforce housing in the greater Charlotte region.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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