3500 N Sharon Amity Road, Charlotte, NC 28205
- $2,650,000
- 20
- BD
- 12,524
- SqFt
Listing courtesy of BnBCabins Inc. wataugarealtor@gmail.com
- List Price
- $2,650,000
- MLS#
- 4361715
- Status
- ACTIVE
- Days on Market
- 114
- Property Type
- Residential Income
- Year Built
- 1962
- Bedrooms
- 20
- Full Baths
- 20
- Lot Size
- 53,578
- Lot Size Area
- 1.23
- Living Area
- 12,524
- Sq Ft Total
- 12524
- County
- Mecklenburg
- Special Conditions
- None
- Waterfront Features
- None
Property Description
Presenting an exceptional value-add multifamily investment opportunity located at 3500 North Sharon Amity Road in the rapidly expanding East Charlotte submarket. This highly efficient 20-unit asset consists entirely of desirable 1-bedroom, 1-bathroom floor plans, catering perfectly to the area's growing demographic of young professionals seeking affordable proximity to Charlotte's urban core. Owned and maintained by the same owner for decades, the property features a proven, organic value-add program where interior renovations have been successfully executed over the last decade as units turn over, effectively proving out the post-renovation rent premiums. Strategically positioned just minutes from Charlotte’s most vibrant cultural and entertainment districts, including Plaza Midwood, NoDa, and the Uptown central business district, the property provides immediate access to major transit routes, prominent employment hubs, and ongoing commercial redevelopment corridors. Furthermore, the site boasts high-visibility frontage directly along the North Sharon Amity Road corridor with outstanding exposure and traffic counts exceeding 25,000 vehicles per day. Tenants benefit from exceptional convenience, being surrounded by a robust lineup of daily-needs retailers within walking distance or a short drive, including Food Lion, Walgreens, CVS, Family Dollar, and Bojangles. Supported by strong submarket fundamentals and dense local demographics featuring a population of over 95,000 residents within a 3-mile radius, 3500 North Sharon Amity Road is perfectly positioned to capture the influx of renters who desire the lifestyle amenities of Charlotte's premier historic districts but require a more approachable price point, ensuring long-term tenant demand and property appreciation for the new owner. Ask about our other properteries -- this seller has 124 units for sale at 5 different complexes, all 1, 2, and 3 bedroom.
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Additional Information
- Community Features
- Sidewalks, Street Lights
- Interior Features
- Open Floorplan, Pantry
- Floor Coverings
- Tile, Vinyl, Wood
- Equipment
- Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Foundation
- Crawl Space
- Laundry Location
- None
- Heating
- Electric, Natural Gas, Separate Meters, Wall Furnace
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Brick Full
- Roof
- Architectural Shingle
- Parking
- Parking Lot
- Driveway
- Asphalt, Paved
- Lot Description
- Corner Lot, Green Area, Level, Paved
- Elementary School
- Idlewild
- Middle School
- Eastway
- High School
- Garinger
- Total Property HLA
- 12524
Mortgage Calculator
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