Newport Capital Partners, LLC
Listed by Newport Capital Partners, LLC
$4,350,000
Ponderosa Flats Apartments
Details
APN 11502618, 11502619
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 20,604
Net Rentable (SqFt) 20,604
Units 19
Occupancy 31.5%
Tenancy Multi
Lease Type Gross
Lease Term 1
Remaining Term 1
Pro-Forma Cap Rate 7.34%
Pro-Forma NOI $319,342
Price per SqFt $211
Broker Co-Op True
Class B
Year Built 2026
Year Renovated 2026
Buildings 1
Stories 3
Acreage 0.890
Zoning N2-B
Parking Spaces 29 spaces
Parking per 1,000 SqFt 1.41
Tenant Credit No Credit Rating
Ground Lease No
Ceiling Height 9
Sale Condition For sale by owner
New construction, 19 units, convenient west Charlotte location
Marketing description
- Brand-New 2026 Construction – No Deferred Maintenance
- 19-Unit Apartment Community Featuring 17 3BR/1BA Units
- Durable Hardie® Fiber Cement Siding for Low-Maintenance Ownership
- Purpose-Built Workforce Housing Asset with Modern Interior Finishes
- 29 On-Site Parking Spaces in Charlotte's Growing West Side Submarket
- Currently in lease-up (C.O. issued March 2026)
Investment highlights
- Brand new construction! 2026 completion.
- 17 three bedroom units, 2 one bedroom units (19 total apartments)
- Close to Uptown and CLT airport
Listing Contacts
Newport Capital Partners, LLC
Listed by Newport Capital Partners, LLC
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Zoning
N2-B ResidentialMulti FamilyNeighborhood 2 Zoning District
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View all 172 uses Last updated May 15, 2026 For deeper zoning details, reports are available at Zoneomics
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