11 Units

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11 Units

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

What's Special

Located at [Address] in Charlotte, North Carolina, this 11-unit multifamily property is situated within a high-growth residential corridor. The neighborhood is characterized by a mix of historic charm and modern urban infill, providing residents with immediate proximity to local retail centers, grocery stores, and diverse dining options. The location offers efficient transportation access, positioned near major thoroughfares and public transit routes that connect directly to the Uptown business district and surrounding employment hubs. The property is optimally configured for long-term rental use or a value-add repositioning strategy. Given the layout and central location, the asset typically attracts a tenant profile of young professionals, urban commuters, and small households seeking proximity to Charlotte's primary commercial nodes. The 11-unit scale allows for streamlined management while benefiting from the sustained demand for housing in the city's core submarkets.

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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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