421 Honeywood Avenue, Charlotte, NC 28216
- $1,750,000
- 24
- BD
- 10,682
- SqFt
Listing courtesy of Coldwell Banker Realty. nick.lancetti@cbrealty.com
- List Price
- $1,750,000
- MLS#
- 4361372
- Status
- PENDING
- Days on Market
- 125
- Property Type
- Residential Income
- Year Built
- 1969
- Bedrooms
- 24
- Full Baths
- 12
- Lot Size
- 40,946
- Lot Size Area
- 0.9400000000000001
- Living Area
- 10,682
- Sq Ft Total
- 10682
- County
- Mecklenburg
- Special Conditions
- None
Property Description
This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades. Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units. Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation. Investment Highlights: 12-unit multifamily property 5 renovated units completed Proven rent benchmark at $1,500/month Significant remaining value-add potential Located in a high-growth rental market Opportunity to increase NOI through continued upgrades This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.
/u.realgeeks.media/cheriwickham/Logo.png){kind=logo}
Additional Information
- Floor Coverings
- Vinyl, Wood
- Equipment
- Bar Fridge, Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Foundation
- Slab
- Laundry Location
- In Kitchen
- Heating
- Baseboard, Ductless
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Brick Partial, Vinyl
- Roof
- Architectural Shingle
- Parking
- Parking Space(s)
- Driveway
- Asphalt, Paved
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- Zoning
- N2-B
- Total Property HLA
- 10682
Mortgage Calculator
“ Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”
Last Updated: