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

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