11 Units

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11 Units

Charlotte, NC 28206
Asking Price
$1.25M
Asset Type
Multifamily
Class
Class B

What's Special

Situated in Charlotte, North Carolina, this 11-unit multifamily property is positioned within an established residential pocket characterized by a mix of historic charm and modern infill development. The location provides proximity to the city’s primary employment centers and central business district. Residents have access to local retail corridors, grocery options, and public green spaces within a short radius. The asset is supported by nearby public transit routes and maintains convenient connectivity to major thoroughfares, including the I-77 and I-85 corridors. The property is suited for a value-add investment strategy or long-term hold within a high-demand rental market. Given the unit count, the building typically attracts a tenant profile consisting of young professionals, urban commuters, and small households seeking proximity to Charlotte’s commercial hubs. The layout and location align with the needs of renters who prioritize functional living spaces and a central location over large-scale complex amenities. The asset offers a stabilized footprint for investors looking to capitalize on the region’s steady population growth.

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

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