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$5,995,000
9604 Longstone Ln, Charlotte, NC 28277
18 Beds
32 Baths
16,668 sqft

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Portfolio of 8 Total Live/Work Units or 16 Total Doors - 8 COMMERCIAL downstairs, 8 RESIDENTIAL upstairs in the highly desirable Ballantyne area of Charlotte. This Class A investment opportunity is in the heart of Charlotte’s largest concentration of college educated and experienced workers. Exemplified by high-income demographics, very strong growth dynamics over a 20-year period, and a significant business, commercial, and residential presence. The property’s residential and retail rental income provides a stable, predictable, and diversified income stream with a track record of lease rate growth and property appreciation. Traditional operating expenses and management time are reduced through HOA maintenance of the exterior and roof, HOA paid water, basic cable/internet, and residential trash service.
  • Price:
  • $5,995,000
  • Bedrooms:
  • 18
  • Full Baths:
  • 16
  • Half Baths:
  • 16
  • Square Footage:
  • 16,668
  • Year Built:
  • 2008
  • Listing ID #:
  • CAR3796048
  • Street Address:
  • 9604 Longstone Ln
  • City:
  • Charlotte
  • State:
  • North Carolina
  • Postal Code:
  • 28277
  • County:
  • Mecklenburg
  • Subdivision:
  • Cedar Walk
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Total Liveable Area:
  • 16668
  • Construction Description:
  • Brick Partial
  • Construction Type:
  • Site Built
  • Foundation:
  • Slab
  • Number Of Units:
  • 8
  • Rent Includes:
  • See Remarks
  • Total Building Square Footage:
  • 16668
  • Year Built:
  • 2008
  • Zoning Description:
  • Ns
  • Days On Market:
  • 48
  • Originating Mls:
  • Carolina
  • Terms:
  • 1031 Exchange, Cash, Conventional
  • Association Fee:
  • $2,600
  • Association Fee Payment Frequency:
  • Monthly
  • Tenant Pays:
  • Electricity
  • Parking Description:
  • On Street
  • Appliances:
  • Electric Cooktop, Dishwasher
  • Existing Water:
  • Public
  • Heating:
  • Central
  • Laundry:
  • Main Level, Upper Level
  • Sewage Type:
  • Public Sewer
  • Unit 1 Monthly Rent:
  • 4015.00
  • Unit 1 Square Footage:
  • 2490
  • Unit 1 Total Bedrooms:
  • 3
  • Unit 2 Monthly Rent:
  • 3850.00
  • Unit 2 Square Footage:
  • 1967
  • Unit 2 Total Bedrooms:
  • 2
  • Unit 3 Monthly Rent:
  • 3265.00
  • Unit 3 Square Footage:
  • 1967
  • Unit 3 Total Bedrooms:
  • 2
  • Unit 4 Monthly Rent:
  • 3740.00
  • Unit 4 Square Footage:
  • 1967
  • Unit 4 Total Bedrooms:
  • 2
  • Unit 5 Monthly Rent:
  • 3850.00
  • Unit 5 Square Footage:
  • 1967
  • Unit 5 Total Bedrooms:
  • 2
  • Unit 6 Monthly Rent:
  • 3625.00
  • Unit 6 Square Footage:
  • 2376
  • Unit 6 Total Bedrooms:
  • 3
  • Unit 7 Monthly Rent:
  • 3700.00
  • Unit 7 Square Footage:
  • 1967
  • Unit 7 Total Bedrooms:
  • 2
  • Unit 8 Monthly Rent:
  • 3675.00
  • Unit 8 Square Footage:
  • 1967
  • Unit 8 Total Bedrooms:
  • 2
  • Listing Provided By Better Homes And Gardens Real Estate Paracle
  • NCCANOPY
5
out of 5

Elon Park Elementary
Public
School Grade Level K-5
School Students 1200 students
School Teachers 19 student/
teacher
5
out of 5

Community House Middle
Public
School Grade Level 6-8
School Students 1900 students
School Teachers 20 student/
teacher
5
out of 5

Ardrey Kell High
Public
School Grade Level 9-12
School Students 3375 students
School Teachers 21 student/
teacher
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC