103 Rooms

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103 Rooms

Charlotte, NC 28208
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

Located at 103 Rooms in Charlotte, North Carolina, this multifamily asset is situated in an evolving urban corridor. The neighborhood features a mix of residential housing and light commercial activity, supported by proximity to the city’s central business district. Residents have convenient access to local retail centers, grocery stores, and diverse dining options. Transportation is facilitated by nearby CATS bus routes and immediate access to major thoroughfares, providing reliable connectivity to greater Charlotte and regional employment hubs. The property is suited for a high-density residential operation or long-term workforce housing. Given its scale and location, the asset typically attracts a tenant profile consisting of local service workers, young professionals, and commuters seeking proximity to downtown employers. The layout accommodates individuals and small households looking for functional living spaces with simplified commutes. This site offers a stable environment for residents who value transit accessibility and neighborhood convenience within the growing Charlotte metropolitan area.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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