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Investor Gem! Turnkey 4-unit (4-1BR studios) on 0.31 acres in red-hot Enderly Park "” fully managed by PM, tenants pay every utility, and it's never sat through an extended vacancy. In-place rents still trail the market, so the Property is a 4plex multifamily, not a SFH home as listed above. Upside is baked in and ready: lease renewals on two units just came in higher for the upcoming lease year. Units 1-3 were taken down to rehab two years ago and Unit 4 sits in original condition "” an est. ~$10K refresh forces appreciation through higher rents and property value. Property has a large, unused walk in basement that could be permitted and converted to a 5th apartment. Private, exclusive parking lot "” no shared drives, no neighbor friction. New construction is trading from the low $500Ks right around the block. Walkable to the West End boom on Tuckaseegee Rd: the 27-acre Savona Mill redevelopment (Savona Food Works food hall, 300+ apartments), the $80M Lower Tuck warehouse conversion, and Station West. 10 minute walk to Stewart Creek Greenway running straight to Uptown. Quick hits to Freedom Dr, Wilkinson Blvd, I-85 and I-77. Cash flows today, added appreciation tomorrow. Buy and hold or buy for a future build "” your choice in the one neighborhood with unlimited momentum and growth!
| TRACT | Summit View | YEAR BUILT | 1954 |
|---|---|---|---|
| COMMUNITY | Summit View | COUNTY | Mecklenburg |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ashley Park |
|---|---|
| Jr. High School | Ashley Park |
| High School | West Charlotte |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Oven, Refrigerator, Washer/Dryer |
| BASEMENT | Exterior Entry, Yes |
| CONSTRUCTION | Block |
| HEAT | Electric |
| LOT | 0.25 acre(s) |
| LOT DIMENSIONS | 0.25 |
| MLS STATUS | Active |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Summit View |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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