2800 Carol Avenue, Charlotte, NC 28208
- $550,000
- 1,804
- SqFt
Listing courtesy of Mark Spain Real Estate. mccrayr09@gmail.com
- List Price
- $550,000
- MLS#
- 4401707
- Status
- ACTIVE
- Days on Market
- 10
- Property Type
- Residential Income
- Distressed Property
- Yes
- Year Built
- 1954
- Lot Size
- 10,890
- Lot Size Area
- 0.25
- Living Area
- 1,804
- Sq Ft Total
- 1804
- County
- Mecklenburg
- Subdivision
- Summit View
- Special Conditions
- Subject to Lease
- Waterfront Features
- None
Property Description
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!
Additional Information
- Floor Coverings
- Laminate, Tile
- Equipment
- Electric Water Heater, Oven, Refrigerator, Washer/Dryer
- Foundation
- Basement
- Laundry Location
- In Kitchen
- Heating
- Electric
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Block
- Roof
- Architectural Shingle
- Parking
- Parking Space(s)
- Driveway
- Asphalt, Concrete
- Elementary School
- Ashley Park
- Middle School
- Ashley Park
- High School
- West Charlotte
- Total Property HLA
- 1804
Mortgage Calculator
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