2479 Julia Avenue, Charlotte, NC 28206
- $3,000,000
- 47
- BD
- 17,222
- SqFt
Listing courtesy of Britt Commercial Real Estate, LLC. zbritt@brittcre.com
- List Price
- $3,000,000
- MLS#
- 4340001
- Status
- ACTIVE
- Days on Market
- 186
- Property Type
- Residential Income
- Year Built
- 1960
- Bedrooms
- 47
- Full Baths
- 23
- Lot Size
- 99,316
- Lot Size Area
- 2.2800000000000002
- Living Area
- 17,222
- Sq Ft Total
- 17222
- County
- Mecklenburg
- Special Conditions
- None
Property Description
This 22-unit multifamily community offers a strong lease-up and stabilization opportunity in North Charlotte with limited remaining execution risk as the improvements have been made! The property is currently ~64% occupied, with the majority of units renovated and remaining vacant units largely rent-ready, allowing for immediate NOI growth through leasing. Only the clubhouse/SFR unit and one additional unit remain unrenovated, while significant capital improvements, including new roofs, updated HVAC systems, and extensive unit renovations, have already been completed. Clubhouse built 1940, apartments are 1960. Located minutes from Camp North End and less than 10 minutes from Uptown Charlotte, the asset sits within an active growth corridor supported by durable rental demand.
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Additional Information
- Equipment
- Dishwasher, Electric Range, Microwave, Refrigerator
- Foundation
- Crawl Space
- Laundry Location
- In Unit
- Heating
- Central
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Brick Full, Other - See Remarks
- Parking
- Parking Lot
- Driveway
- Asphalt, Paved
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- Total Property HLA
- 17222
Mortgage Calculator
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