ATTENTION ALL INVESTORS! Here's your chance to own a turn-key 12 unit apartment building in Charlotte NC. 12 units. 100% occupied. Individually metered so tenants pay for gas, electric, and water. All units are 2 bed / 1 bath with central HVAC and laundry hook ups. 9 of 12 units have been updated in last 12 months. Has great cash flow and located in an Opportunity Zone for those interested in the tax advantages. Great management team already in place and room to increase rents. Located near Uptown Charlotte, this area is prime for future development. Charlotte has ranked as a top location for investment the last 3 years. No more than 25% Seller financing available for qualified buyers with acceptable terms. Financials available upon request. Serious inquiries only, please!
Closed
$1,350,000
1405 Catherine Simmons Ave, Charlotte, NC 28216
24beds
10,800sqft
Multi Family
Built in 1961
-- sqft lot
$-- Zestimate®
$125/sqft
$1,241 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 22, 2023 at 11:20pm
Listing Provided by:
Jim Townsend jim@townsendrealtygroup.com,
Townsend Realty Group
Bought with:
Tiffany Nguyen
Coldwell Banker Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4009716

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 12
- Full bathrooms: 12
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
- Laundry: Utility Room, Washer Hookup
Features
- Has basement: No
Interior area
- Total structure area: 10,800
- Total interior livable area: 10,800 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Attached Carport, Driveway, Parking Space(s)
- Carport spaces: 6
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: Lawn Maintenance
- Fencing: Back Yard,Fenced
Lot
- Size: 1.33 Acres
- Dimensions: 303 x 110 x 350 x 150 x 95 x 40
- Features: Cul-De-Sac, Level, Paved
Details
- Parcel number: 07504428
- Zoning: R5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick Partial, Wood
- Foundation: Crawl Space
- Roof: Composition
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Charlotte
Other
Other facts
- Listing terms: Conventional,Other - See Remarks
- Road surface type: Asphalt, Paved