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 emerging North End district, this assemblage offers immediate proximity to the Camp North End mixed-use hub. The corridor is characterized by a blend of industrial revitalizations and original residential pockets. This location provides streamlined access to the Uptown central business district via Graham Street and is situated near major regional transit arteries, including Interstate 77 and Interstate 85. Nearby amenities include local breweries, creative office spaces, and retail centers that serve as anchors for the historic Brightwalk and Lockwood communities. The site is suited for high-density multifamily development, such as luxury apartments or workforce housing aimed at young professionals. Given the proximity to Charlotte’s primary employment centers and creative districts, the typical tenant profile consists of urban commuters and local service-sector employees seeking walkability and transit connectivity. The property’s zoning and scale support multi-story configurations designed for renters who prioritize access to Uptown jobs and North End entertainment. The strategic positioning aligns with ongoing public infrastructure improvements and the sustained expansion of the city's residential core.

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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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