BEDS24
BATHS12 full
SQUARE FEET10,682
MLS#4361372
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast's most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades.Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units.Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation.Investment Highlights:12-unit multifamily property5 renovated units completedProven rent benchmark at $1,500/monthSignificant remaining value-add potentialLocated in a high-growth rental marketOpportunity to increase NOI through continued upgradesThis is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.
Property Features
Property Type: Multi Unit - Multiple
Fenced: Yes
Heating: Baseboard, Ductless
Lot Size: 0.94 Acres
Roof Type: Architectural Shingle
Year Built: 1969
Feature Descriptions
Appliances: Bar Fridge, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Days on Site: 121
Exterior: Brick Partial, Vinyl
Flooring: Vinyl, Wood
Foundation: Slab
Laundry: In Kitchen
Parcel#: 06913312
Parking: Parking Space(s)
Pets Allowed: Yes
Sewer: Public Sewer
Units: 12
Utilities: Electricity Connected
Water: City
Local Schools
High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agency Contact: nick.lancetti@cbrealty.com
Shown By
Agent Name: Ed Cashwell
Agent Phone: Cell: (980) 808-9658
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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421 Honeywood Avenue | MLS# 4361372
This multi-family property located at 421 Honeywood Avenue, Charlotte, NC 28216 is currently listed for sale with an asking price of call for price. Search Charlotte real estate on edc.lakenormanrealty.com today.