4489 Orphanage Road - 126 Units - Charlotte MS

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

4489 Orphanage Road - 126 Units - Charlotte MS

Concord, NC 28027
Asking Price
$2.80M
Asset Type
Multifamily
Class
Class B

What's Special

4489 Orphanage Road is a 126-unit multifamily asset situated in the Concord submarket of the Charlotte metropolitan area. The property is positioned within a suburban residential corridor characterized by proximity to major regional employment hubs and retail centers. Residents have immediate access to Interstate 85 and Highway 29, facilitating commutes to downtown Charlotte and the University City area. Nearby local amenities include the Concord Mills retail complex and several municipal parks, providing a mix of essential services and recreational options within a short driving distance. The property is suited for use as market-rate workforce housing. Due to its scale and location, the asset is positioned to serve a diverse tenant base ranging from young professionals to small families employed in the logistics, healthcare, and education sectors of Cabarrus County. The unit count offers operational efficiencies for traditional property management models. This location typically attracts long-term renters seeking proximity to the I-85 corridor’s commercial infrastructure while maintaining residency in a suburban neighborhood environment.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467

Location & Travel Times