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  • DESCRIPTION

    This listing is updated to include 37 Rental Properties. Current monthly expected gross income $30,413. Expected Yearly Gross Rental Income is $364,956. Projected net income is $255,469. This is a well seasoned Residential Rental Portfolio. Low turn over, low vacancy, high occupancy. Ideal for buyers targeting cap rates of 5%-6%. All of the properties are in established neighborhoods with high demand. Property locations include areas near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rates range from $500 to $1675 per month. Tenants pay utilities. Qualified investors with cash, cash equivalent, 50%-60% leveraged transactions welcome! Do not disturb residents. This listing does not include all the necessary information required to analyze this portfolio. The listing template is limited to a single site multi family property. However, this listing includes multiple properties and multiple locations. Contact a Realtor for details

    KEY DETAILS
    • Price:
    • $4,800,000
    • Bedrooms:
    • 98
    • Full Baths:
    • 44
    • Half Baths:
    • 4
    • Square Footage:
    • 1,436
    • Acreage:
    • 0.22
    • Year Built:
    • 1991
    • MLS #:
    • 3396110
    • Street Address:
    • 1121 Polk St
    • City:
    • Charlotte
    • State:
    • NC
    • Postal Code:
    • 28206
    • County:
    • Mecklenburg
    • Subdivision:
    • Greenville
    • Listing Status:
    • For Sale - Under Contract-No Show

    Building

    • Construction Description:
    • Brick Veneer Partial, Vinyl, Wood
    • Construction Status:
    • Complete
    • Construction Type:
    • Site Built
    • Exterior Features:
    • Deck
    • Flooring:
    • Carpet, Vinyl/Linoleum, Wood
    • Foundation:
    • Basement, Crawl Space, Slab
    • Number Of Units:
    • 37
    • Porch Description:
    • Covered, Patio
    • Total Building Square Footage:
    • 1436
    • Year Built:
    • 1991

    Land

    • Lot Features:
    • Level

    Listing

    • Days On Market:
    • 233

    Money

    • Association Fees Payment Frequency:
    • Monthly
    • Tenant Pays:
    • All Utilities, Other

    Rooms

    • Laundry:
    • Main
    • Other Rooms:
    • Bathroom(s), Bedroom(s), Breakfast, Dining Area, Kitchen, Master Bedroom, Utility

    Structures

    • Driveway:
    • Asphalt, Concrete
    • Parking Description:
    • On-Street Parking, Parking Space - 2

    Systems

    • Equipment:
    • Cable Prewire, Co Detector
    • Existing Water:
    • City Water
    • Hvac:
    • Central Air, Electric Baseboard Heat, Gas Hot Air, Window Unit
    • Sewage Type:
    • City Sewer
    • Water Heater:
    • Gas

    Source

    • Listing Provided By Dpw Realty Group Inc

      CRRA
    School data provided by
    GreatSchools
    REQUEST SHOWING
    SCHOOL RATINGS
    2
    2
    2

    WEST CHARLOTTE HIGH
    High School
    Public

    NOTES

    No notes have been added for this home.

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