2909 Burgess Dr, Charlotte, NC 28208

Stabilized 12-Unit Townhome Community with Immediate Value-Add Upside:

Twelve-unit townhome community comprised entirely of 2-bedroom/1.5-bath units with 10 of 12 units fully renovated to a modern finish level.

• Two recently renovated vacant units represent immediate lease-up upside, while two below-market occupied units at $995 provide a clear runway to capture additional rent growth upon turn.
• The highest achieving in-place rent of $1,535 establishes a proven rent ceiling with a direct path to full stabilization.

Access to Charlotte's Most Dynamic Destinations:

• 2 miles from Lower South End (LoSo), Charlotte's emerging hub of breweries, restaurants, retail, and light rail access, home to major employers including Lowe's Tech Hub, USAA, and LendingTree.
• 2.5 miles from South End, one of Charlotte's most nationally recognized and vibrant live-work-play corridors.
• 4 miles from Uptown Charlotte, the region's central business district and primary employment core.
• 4.5 miles from Charlotte Douglas International Airport, the seventh-busiest airport in the world, and a top-three driver of corporate relocation and expansion in the Charlotte region.

Premium Interior Renovation Package:

Renovated units feature granite countertops, LVP flooring, new carpet, new cabinets, new appliances, vanities, updated modern lighting and fixtures, and washer/dryer connections, a finish level that commands premium rents and supports durable tenant retention in the Charlotte workforce housing segment.

Exterior Capital Investment: The property underwent a full exterior refresh in 2023, including a complete siding and trim replacement, which supports strong curb appeal and reduces near-term capital requirements for an incoming investor.

Attractive All-Townhome Unit Mix:

Exclusively 2-bedroom/1.5-bath two-story townhome floor plans offering renters added privacy, functional layouts, and a more residential living experience than traditional apartment product, a highly desirable configuration in the Charlotte rental market that supports strong leasing velocity and tenant retention.