2019 St Mark Street, Charlotte, NC 28216

$200,000
2
BD
2
BA
926
SqFt

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Listing courtesy of COMPASS. chip.jetton@compass.com

List Price
$200,000
MLS#
4422684
Status
ACTIVE
Days on Market
1
Property Type
Residential
Distressed Property
Yes
Year Built
1954
Bedrooms
2
Bathrooms
2
Full Baths
2
Lot Size
6,316
Lot Size Area
0.145
Living Area
926
Sq Ft Total
926
County
Mecklenburg
Subdivision
Biddleville Heights
Special Conditions
Subject to Lease

Property Description

Investors, here's your chance to buy a great cash flowing property just outside of Uptown Charlotte! Only 1 mile to the French St Gold Line Station which connects you to Uptown, Elizabeth and Plaza Midwood. Just over a mile to Johnson C Smith University and less than 3 miles to Uptown Charlotte, this area is already seeing tear downs for new construction and a business corridor that is growing and changing with new investment. Tenant in place through June '27, no rental prep needed and immediate stream of cash flow already in place. Tenant pays $1,450/mo in rent, equating to roughly 8.7% gross rent yield. It is very hard to find properties anywhere in Charlotte proper for $200k, much less in a neighborhood with huge upside! Great opportunity for investors looking for a solid 2-bedroom, 2-bathroom brick property with immediate cash flow. An excellent addition to your rental portfolio! Property does have an active tenant in place until June 30, 2027.

Additional Information

Equipment
Bar Fridge, Oven
Foundation
Slab
Main Level Rooms
Bathroom-Full, Primary Bedroom, Bedroom(s), Bathroom-Full, Kitchen, Living Room, Office
Laundry Location
In Kitchen
Heating
Electric
Water
City
Sewer
Public Sewer
Exterior Construction
Brick Full
Parking
Driveway
Driveway
Concrete, Paved
Elementary School
Bruns Avenue
Middle School
Ranson
High School
West Charlotte
Total Property HLA
926
Master on Main Level
Yes

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Calculator source: Real Geeks

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