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33615979
33615963

916 Bromley Rd, Charlotte, NC 28207

ZB
NC NC 315119
Britt Commercial Real Estate
Listed by Britt Commercial Real Estate
$1,900,000
3 days on market
Updated 0 days ago

916 Bromley Rd

Details
APN 1254231[1-8]
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,600
Units 8
Beds 1
Cap Rate 5.83%
NOI $110,727
Occupancy 100%
Tenancy Multi
Pro-Forma NOI $107,026
Price per SqFt $339
Year Built 1924
Year Renovated 2016
Buildings 1
Acreage 0.470
Zoning N2-B
Investment Type Stabilized

PRIME, GENERATIONAL LOCATION - Myers Park 8 unit Package

Marketing description

Nestled within the northern gateway of Myers Park, Charlotte’s most prestigious and enduring neighborhood, this Bromley Road property represents the type of generational asset that rarely reaches the market. The eight-unit, one-bedroom apartment/condominium building sits on nearly half an acre of prime real estate, surrounded by a mature tree canopy. The location is walkable to the very amenities that make Myers Park a perennial draw for residents. The current owner holds all eight condo units, and after completing a thorough renovation in 2016 that included an upgrade of all building systems, has been successfully leasing this high demand property. Combining an irreplaceable location, historic charm with modern updates, in-place income with clear upside and a uniquely flexible exit option, 916 Bromley is a true generational hold in one of Charlotte’s most desirable neighborhoods.

Investment highlights

  • Irreplaceable Myers Park Location - Location, Location, Location!
  • Priced Below Tax Value
  • Historic Charm, Modern Appeal - Built in 1924 with all units fully renovated in 2016
  • Flexible Exit + Individual Unit Upside

Listing Contacts

ZB
NC NC 315119
Britt Commercial Real Estate
Listed by Britt Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$110,727.00
$9,227.25/mo

Valuation Metrics

0
DSCR
5.83%
Cap Rate
5.83%
ROI

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Additional Information

Name
Zachary Britt
License
NC 315119
Brokerage
Britt Commercial Real Estate
Brokerage Phone
6159711553
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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