Rare opportunity to acquire a 12-unit apartment community in the highly desirable Pineville, NC market community consisting of 4 two-bedroom units and 8 one-bedroom units. The property has benefited from major capital improvements and offers investors immediate cash flow with significant upside potential. Ownership has successfully increased rents on six units, while the remaining six units provide a clear value-add opportunity through future rent growth. Conveniently located near Charlotte's major employment centers, shopping, and transportation corridors, this asset combines stable income with long-term appreciation potential. PLEASE DO NOT DISTURB TENANTS
| MLS # | 4435692 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 9 |
| Listing Provided By | Horizon Realty Carolinas | Ronny Chakra |
| Bed(s) | 2 |
|---|---|
| SQ Feet | 9,024 |
| Units | 12 |
| Acreage | 0.88 |
| Cooling | Central Air, Window Unit(s) |
|---|---|
| Heating | Baseboard, Central |
| Appliances | Dryer, Oven, Refrigerator, Washer |
| Construction Materials | Brick Full |
|---|---|
| Foundation Details | Slab |
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street, Parking Lot, Parking Space(s) |
| List Aor | Canopy Realtor Association |
|---|
| Property | 1273900 |
|---|
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Pineville |
| Zip Code | 28134 |
| Area | Mecklenburg |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28134) | |
Price: $2,250,000 low | high Med: $429,900 sqft: 9,024 low | high Med: 1,592 $ / sqft: $249 low | high Med: $270 On site: 9 low | high Med: 28 | |
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Pineville |
| Zip Code | 28134 |
| Area | Mecklenburg |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28134) | |
Price: $2,250,000 low | high Med: $429,900 sqft: 9,024 low | high Med: 1,592 $ / sqft: $249 low | high Med: $270 On site: 9 low | high Med: 28 | |