Excellent Investment opportunity with a 8% CAP rate ( return on investment) from a 10 Unit Multifamily Apartments at the highly desirable intersection of Albemarle Rd and E W.T.Harris Blvd, close to Lawyers Rd in Charlotte. 100% occupancy. Property is at walkable distance to the YMCA, Walmart, Albemarle Elementary school & Middle schools, DMV, and County park. The location has abundant retail/shopping. City transit stops are just in front of the property. They property is very well maintained and has 24x7 online video surveillance system. Currently property is fully occupied (which has always been the case). Current rental is $675/ unit which translates to a total rent of $6,750/month. The location has easy access to Charlotte uptown, Matthews, Ballantyne , CIC , Harrisburg, and Concord - which can prove very beneficial for all kinds of workers across the Charlotte MSA region.
Ceiling Fan(s), CO Detector, Cable Prewire, Cooktop Electric, Disposal, Electric Range/Oven, Exhaust Fan, Refrigerator
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Listing information last updated on April 18th, 2019 at 8:58pm EDT.