Statesville Ave|North End Assemblage

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Statesville Ave|North End Assemblage

Charlotte, NC 28206
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

Located along Statesville Avenue in Charlotte’s North End, this assemblage sits within an area transitioning from industrial origins to a mixed-use corridor. The property is positioned near the Camp North End district, offering proximity to retail, creative workspaces, and dining options. It features direct access to Uptown Charlotte via major thoroughfares and is supported by nearby CATS bus routes. The site is situated within minutes of the I-77 and I-85 interchange, providing regional connectivity to the broader metropolitan area. The site is suited for high-density multifamily development, such as mid-rise apartments or urban townhomes. Given the proximity to local employment hubs and the central business district, the location typically attracts young professionals and workforce renters seeking transit-oriented housing. The property’s zoning and scale support residential configurations that cater to individuals looking for accessibility to the urban core and emerging commercial amenities. This assemblage offers the opportunity to integrate modern residential units into one of Charlotte’s diversifying submarkets.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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