3503 Holabird Lane, Charlotte N

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3503 Holabird Lane, Charlotte N

Charlotte, NC 28208
Asking Price
$2.83M
Asset Type
Multifamily
Class
Class B

What's Special

3503 Holabird Lane is situated in the northern corridor of Charlotte, North Carolina. The surrounding neighborhood is characterized by a blend of established residential communities and expanding commercial hubs. Residents benefit from proximity to local retail centers, grocery stores, and public parks. The location offers efficient transportation access, positioned near major thoroughfares and interstate links that connect to the greater Charlotte metropolitan area and the city's central business district. The property is suited for multifamily redevelopment or renovation to meet the area’s increasing housing demand. Given its location, the asset is positioned to attract a tenant profile consisting of local professionals, commuters, and small households seeking proximity to regional employment centers. The site supports long-term residential use, catering to those prioritizing functional access to urban amenities within a developing suburban-urban transition zone.

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NOI
$80,000
Cap Rate
2.83%
DSCR
0.48
Underwater
Cash-on-Cash
-10.35%
Monthly Payment
$13,976.559
Annual Cash Flow
$-87,718.704

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