2909 Burgess Dr

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2909 Burgess Dr

Charlotte, NC 28208
Asking Price
$2.00M
Asset Type
Multifamily
Class
Class B

What's Special

2909 Burgess Drive is located in the Toddville Road neighborhood of West Charlotte, North Carolina. The property sits within a residential pocket characterized by mature tree cover and a mix of single-family homes and small-scale apartment buildings. The site offers convenient proximity to major transit corridors, situated less than two miles from the Interstate 85 and Interstate 485 interchange. Residents have straightforward access to the Charlotte Douglas International Airport, which is approximately four miles south, as well as several local parks and neighborhood retail centers along Freedom Drive. As a multifamily asset, this location is well-suited for workforce housing or long-term rental investment. The property typically attracts a tenant profile consisting of commuters and airport-related professionals who require efficient access to the city’s logistics and transportation hubs. Given its position near suburban employment centers and the West Boulevard corridor, the site is ideal for residents seeking a residential environment outside the immediate urban core while maintaining a central connection to the greater Charlotte metropolitan area's logistics and distribution industries.

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905

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