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 sector of Charlotte, North Carolina, within a residential neighborhood characterized by a mix of single-family homes and garden-style apartments. The property offers proximity to major transit corridors, including Interstate 77 and Interstate 85, facilitating commutes to the Uptown business district. Local amenities include various retail centers along the nearby North Graham Street and Sugar Creek Road thoroughfare. Public transportation options are accessible via several local bus routes serving the immediate area. This multifamily asset is suited for long-term rental operations or strategic value-add renovation programs. The location typically attracts a diverse tenant profile, including workforce professionals seeking proximity to Charlotte’s industrial hubs and service-sector employees requiring accessible commutes to the city center. The property’s configuration supports high-occupancy residential use, catering to individuals and small households looking for functional housing within the Charlotte metropolitan area's growing residential market.

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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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