BEDS11
BATHS6 full
SQUARE FEET4,500
MLS#4333741
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
This stabilized 5-unit multifamily portfolio includes one single-family residence (1554 Barringer) plus a fourplex (1558, 1562, 1566, 1568 Barringer). Each unit is separately metered for water and electricity, with tenants responsible for their own utilities.Property Highlights:1554 Barringer (SFR): Completely converted to a 3BR/2BA home with full plumbing rehabilitation, an added bathroom with high ceiling, and a vacuum barrier. Certificate of Completion on file.Fourplex Improvements: Roof replaced; brand-new gutter system; newly extended concrete driveway; new centralized mailbox bank.Interior Upgrades (1566 & 1568): Units fully redone with LVP flooring, new appliances (stove and washer) and new window units in 1568, freshly painted interiors and cabinets, updated switches/fixtures, and added washer/dryer connections.Additional Updates: New lighting fixtures throughout rehabbed unitsLawn maintenance: $20 per month (the SFR tenant has to do lawn as part of their lease agreement)With updated systems, durable LVP flooring, in-unit laundry connections, and tenants covering all utilities, this package offers strong cash flow with minimal landlord responsibility. Professional management is currently in place at 8%.Located in the growing Mount Pleasant submarket of Cabarrus County, this property benefits from convenient access to Concord, Kannapolis, and the Charlotte metro, supporting ongoing rental demand.
Property Features
Property Type: Multi Unit - Multiple
Heating: Heat Pump
Lot Size: 0.41 Acres
Year Built: 1985
Feature Descriptions
Appliances: Dishwasher, Oven, Refrigerator, Washer
Days on Site: 102
Exterior: Aluminum, Brick Partial
Flooring: Vinyl
Foundation: Slab
Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
Parcel#: 5670-32-3256-0000
Parking: Driveway
Pets Allowed: Conditional
Sewer: Public Sewer
Units: 5
Water: City
Local Schools
High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified
Listed By / Shown By
Listed By
Agency Name: The Virtual Realty Group
Agency Contact: erikamcnew@gmail.com
Shown By
Agent Name: Ed Cashwell
Agent Phone: Cell: (781) 720-9444
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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1554 Barringer Street | MLS# 4333741
This multi-family property located at 1554 Barringer Street, Mount Pleasant, NC 28124 is currently listed for sale with an asking price of call for price. Search Mount Pleasant real estate on edc.lakenormanrealty.com today.