6 Beds
2 Baths
1,550 SqFt
6 Beds
2 Baths
1,550 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,550 sqft
Price per Sqft $196
Subdivision Statesville Avenue Terrace
MLS Listing ID 4306482
Bedrooms 6
Full Baths 2
Abv Grd Liv Area 1,550
Year Built 1968
Lot Size 7,492 Sqft
Acres 0.172
Property Sub-Type Duplex
Property Description
Each side of the duplex features 3 bedrooms and 1 bathroom, offering functional layouts that are consistently in demand with tenants. Both units are currently on month-to-month leases, providing steady occupancy while also giving a new owner flexibility to adjust terms or rental rates. Together, the property produces a gross monthly rent of $2,300, resulting in a current Cap Rate of 6.44%.
Importantly, there is significant upside potential. Comparable units in the surrounding area are renting for $1,500+ per unit, meaning this property has the ability to generate substantially higher income with targeted updates or simple rental adjustments. This creates a strong path to boosting cash flow and overall return on investment.
Beyond the numbers, the location cannot be overlooked. Camp North End has become one of Charlotte's most dynamic hubs for arts, dining, entertainment, and business growth, and the surrounding neighborhoods are experiencing rapid revitalization. Demand for quality rental housing in this corridor continues to rise, and properties in close proximity to the development are well-positioned for long-term appreciation.
Whether you are looking to start building your investment portfolio or expand an existing one, this duplex offers the perfect combination of immediate rental income, flexible leasing, and future upside. With Charlotte's rental market strengthening year after year, this property provides a rare opportunity to secure a strong income-producing asset in one of the city's fastest-growing areas.
Don't miss out on this chance to add a high-potential property to your portfolio in a location poised for continued growth.
Location
State NC
County Mecklenburg
Zoning N1-D
Interior
Heating Forced Air
Cooling Electric
Appliance None
Laundry None
Exterior
Roof Type Shingle
Street Surface Concrete,Paved
Garage false
Building
Lot Description Cleared, Level
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Senior Community false
Special Listing Condition None
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