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Chad Hendrix

704-737-4400
  • MLS® #: 3457758
  • 8914 Wt Harris Blvd

  • Charlotte, NC 28227
  • $749,000 PENDING
  • 10 Beds, 5300 SQ. Feet, 0.66 Acres
  • Multi-Family
  • Office: Ram Realty Llc

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.

Essential Information

  • MLS® #3457758
  • Price$749,000
  • Bedrooms10
  • Bathrooms0.00
  • Full Baths10
  • Square Footage5,300
  • Acres0.66
  • Year Built1984
  • TypeMulti-Family
  • Sub-TypeEightplex+
  • StatusUnder Contract-No Show

Community Information

  • Address8914 Wt Harris Blvd
  • CityCharlotte
  • CountyMecklenburg
  • StateNC
  • Zip Code28227
  • Community FeaturesSecurity

Amenities

  • ParkingParking Space - 3+

Interior

  • HeatingWall Unit - AC, Wall Unit Heat

Appliances

Ceiling Fan(s), CO Detector, Cable Prewire, Cooktop Electric, Disposal, Electric Range/Oven, Exhaust Fan, Refrigerator

Exterior

  • ExteriorVinyl
  • Lot DescriptionCorner Lot, Paved Frontage
  • ConstructionSite Built
  • FoundationCrawl Space, Concrete

School Information

  • ElementaryAlbemarle Road
  • MiddleAlbemarle
  • HighUnknown

Additional Information

  • Date ListedDecember 9th, 2018
  • Days on Market43
  • ZoningA500
  • HOA Fees0.00
  • Green CertificationNone

Property Location

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Listing information last updated on April 18th, 2019 at 8:58pm EDT.