Price Reduction
Address
1111 Herrin Avenue Charlotte, NC
Price
$ 950,000
Property Attributes
  • ML#3595955
  • TypeMulti-Family
  • CountyMECKLENBURG
  • CityCharlotte
  • AreaMecklenburg County
  • NeighborhoodThe Arts District
  • Zip28205
  • StyleArts and Crafts,Contemporary,Cottage/Bungalow,Mode
  • Price$ 950,000
  • Bedrooms8
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3800
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
EG Real Estate Consultants
Property Description

Excellent opportunity for qualified investor. Well maintained, fully furnished turnkey investment property in the heart of the booming NoDa Arts District, 10 minutes to Center City Charlotte. GROSS ANNUAL INCOME $96,700/ NOI $67750 /CAP 7.20%. Short term rentals easily run, managed OR converted to long term rental with excellent return. Walk to Rail, local bars, restaurants and shopping. NO HOA, 4 separately metered apartments, HVAC 2018, roof 2017, structure approved by engineer & interior/exterior improvements. Private Parking lot & bicycle storage shed. Auto Locks on all units. Property consists of 2 duplexes, 1 garden/ 1 masonry 2 story. Three, 2br 1ba & One, 2br 2ba units. Do Not Disturb Guests. Note: there are no leases this is a short term rental (like airbnb etc) Contact agent directly for appointment. Offers with proof of funds must be submitted prior to showing. Offers contingent upon walkthrough. Please note there are no leases. Rents shown are avg annual monthly income

Elementary School Middle School High School
Walter G Byers Elementary School Eastway Middle School Garinger High School
Price History
2/26/2020 Listed $998,000
3/13/2020 5% - $950,000

General Features

Elementary School Walter G Byers
Flooring Laminate, Sustainable, Tile, See Remarks
High School Garinger
Middle/Junior School Eastway
New Construction False
Total Units 4

Interior Features

Fireplace Y/N True
Heating Central
Laundry Features Main Level, Upper Level, In Kitchen, Utility Room

Exterior Features

Building Area Total 3800
Construction Materials Aluminum Siding, Brick, Wood Siding
Lot Dimensions 70x160
Lot Size Area 0.26
Parking Features Parking Lot, On Street, Parking Space - 4+
Sewer Public Sewer
Total Parking 8
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28205

Price
AVG $2.74M
$950K
Visits
AVG 88
53
Year Built
AVG 1948
1950
Walkscore
AVG 74
79
Data Provided by Walkscore ® not using MLS data

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