Listed by Britt Commercial Real Estate
$1,250,000
10 Unit | 2439 Carmine
Details
APN 07705107
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,260
Units 10
Occupancy 30%
Price per SqFt $172
Broker Co-Op Yes
Year Built 1963
Buildings 10
Stories 1
Investment Type Value Add
Operational Value Add in Charlotte!
Marketing description
This 10-unit multifamily asset offers an attractive lease-up and stabilization opportunity in North Charlotte’s active growth corridor. The property is currently ~30% occupied, with the majority of units renovated and vacant units rent-ready, allowing for immediate income growth with minimal remaining CapEx. All units are 2BR/1BA with an average size of ~726 SF, supporting strong in-place rent rates and market rent levels. Located minutes from Camp North End and less than 10 minutes from Uptown Charlotte, the asset benefits from durable rental demand driven by nearby development and limited workforce housing supply.
Listing Contacts
Listed by Britt Commercial Real Estate
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