2314 Arden St, Charlotte, NC 28206

Little 3 bedroom 1 bath all-brick ranch home in the Douglas Terrace neighborhood of Charlotte. Needs about $5K in work. Major systems are working: furnace, floors (all hardwood in good shape), window A/C, plumbing, electrical. Roof needs to be patched. Total investment of around $31K, would rent for $650/month. 1 block walk from a major bus line. There's a lot of interesting things going on in this neighborhood: -Across Statesville Ave. is the Brightwalk community being redeveloped on the infilled double oaks community.More info: - Some of the houses in the neighborhood have been rehabbed by the owners or other investors after purchase. There are some houses that have sold at $62K, $93K, $87K - On the corner of Statesville and Kohler (1 block down) there is a brand-new apartment building - There is a new construction house being built next door - Historically a Working class neighborhood 1 street over there is a rental at $1100/month