425 Mimosa Street

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425 Mimosa Street

Cleveland, NC 27013
Asking Price
$400K
Asset Type
Residential Land
Class
Class B

What's Special

Residential Development Opportunity | ±10 Acres with Nearby Water & Sewer Access <p></p><p>Residential Development Opportunity | ±10 Acres With Water & Sewer Access | Positioned in Charlotte Growth Corridor</p><p></p><p>INVESTMENT HIGHLIGHTS</p><p></p><p>• Approx. ±10 Acres of Residential Development Land</p><p>Primarily flat and usable acreage suitable for small subdivision development, spec-home construction, or custom home projects.</p><p></p><p>• Builder-Focused Opportunity</p><p>Ideal for small builders, regional developers, and investors seeking future housing invento

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NOI
$80,000
Cap Rate
20.00%
DSCR
3.37
Strong
Cash-on-Cash
46.88%
Monthly Payment
$1,978.982
Annual Cash Flow
$56,252.219

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