Sold

1405 Catherine Simmons Avenue

Charlotte NC, 28216

$1,350,000


$125.00 per sqft

Sold

24 Beds

12 Baths

10,800 sqft

Condo

Built in 1961

ATTENTION ALL INVESTORS! Here's your chance to own a turn-key 12 unit apartment building in Charlotte NC. 12 units. 100% occupied. Individually metered so tenants pay for gas, electric, and water. All units are 2 bed / 1 bath with central HVAC and laundry hook ups. 9 of 12 units have been updated in last 12 months. Has great cash flow and located in an Opportunity Zone for those interested in the tax advantages. Great management team already in place and room to increase rents. Located near Uptown Charlotte, this area is prime for future development. Charlotte has ranked as a top location for investment the last 3 years. No more than 25% Seller financing available for qualified buyers with acceptable terms. Financials available upon request. Serious inquiries only, please!

4009716

MLS ID

March 10, 2023

Listed

February 16, 2024

Updated

Map

1405 Catherine Simmons Avenue
Charlotte NC, 28216

Interior Features

Total Stories

1


Bedrooms

24 Beds


Bathrooms

12 Baths


Appliances

Electric Range, Refrigerator


Laundry Description

Utility Room, Washer Hookup


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

1.33 Acres


Exterior Features

Lawn Maintenance


Lot Features

Cul-De-Sac, Level, Paved


Architectual Style

Ranch


Roof

Composition


Sewer

Public Sewer

School Information

High School

Unspecified


Elementary School

Unspecified

Other Property Details

Days on Market

104


Garage

No


Parking

Attached Carport, Driveway, Parking Space(s)


View

No


County

Mecklenburg


Water Source

City


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

9/23/2023

Price Change

$1,350,000

-4%

9/23/2023

Sold

$1,350,000

6/27/2023

Pending

6/11/2023

Price Change

$1,399,000

-2%

5/12/2023

Price Change

$1,425,000

-3%
Courtesy of Latria Incorporated with Jim Townsend,
Listing Contact: [email protected] 
 
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