$1,187,500
$1,299,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
8 Baths
5,568 SqFt
SOLD DATE : 08/12/2024
Key Details
Sold Price $1,187,500
Property Type Multi-Family
Sub Type Eightplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,568 sqft
Price per Sqft $213
Subdivision Lincoln Heights
MLS Listing ID 4150129
Sold Date 08/12/24
Bedrooms 16
Full Baths 8
Abv Grd Liv Area 5,568
Year Built 1962
Lot Size 1.190 Acres
Acres 1.19
Property Description
8 identical income producing side-by-side single family units (sold as an 8-plex) on a corner lot with over an acre in the well known up and coming Lincoln Heights community! 5 minutes from uptown Charlotte, close to major attractions like Bank of America Stadium, Spectrum Center, and Truist Baseball Field. Also conveniently close to Plaza Midwood, Noda, Optimist Hall.. All roofs replaced in 2012, all new low-e windows (with exception of unit 1732) were replaced around 2018. Unit 1732 has a new HVAC installed in 2021, unit 1728 - new HVAC installed 5-6 years ago. Same tenants in all units for over 5 years, all on a month-to-month for a long time. Tenants currently pay utility bills and lawn services. Great buy and hold opportunity. The front of all units has newer paint to give a nice matching pattern. City of Charlotte charges $46 (total for all 8 units) for stormwater services. This 8-plex is also sold under RESIDENTIAL on the MLS# 4159829.
Location
State NC
County Mecklenburg
Zoning R5
Interior
Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Tile
Fireplace false
Appliance Oven, Refrigerator
Exterior
Community Features None
Waterfront Description None
Parking Type Assigned, Driveway
Total Parking Spaces 2
Garage false
Building
Lot Description Corner Lot, Level
Foundation Crawl Space
Sewer Public Sewer
Water City
Structure Type Brick Full,Vinyl
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Special Listing Condition None
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© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Sami Bianouni • Ethics Realty Inc
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