22 Units - 2479 Julia Ave

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22 Units - 2479 Julia Ave

Charlotte, NC 28206
Asking Price
$3.00M
Asset Type
Multifamily
Class
Class B

What's Special

2479 Julia Ave is a 22-unit multifamily property located in the Druid Hills neighborhood of Charlotte, North Carolina. Situated just north of the Uptown central business district, the asset offers proximity to the Camp North End mixed-use redevelopment and the Brightwalk community. Residents have access to local transit via nearby bus routes along Statesville Avenue and are positioned within three miles of the sensitive commercial corridors of the Music Factory and NoDa. The property is configured for residential long-term leasing, serving a tenant profile seeking proximity to major employment hubs in downtown Charlotte. Given the unit count and location, the asset is suited for workforce housing or an updated value-add strategy. Typical residents include commuters and service-sector professionals who prioritize accessibility to Interstate 77 and the urban core’s retail and dining amenities.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

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