Address
1725 Newland Road, Charlotte, NC
Price
$ 1,299,000
Property Attributes
  • ID#3840033
  • TypeMulti-Family
  • CountyMECKLENBURG
  • CityCharlotte
  • AreaMecklenburg County
  • NeighborhoodHampton Leas
  • Zip28216
  • Style
  • Price$ 1,299,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage7468
  • Lot Size0.88 Acres
Data Source:
Canopy MLS
Property Description

ATTENTION INVESTORS - PRIME LOCATION - IN THE HEART OF CHARLOTTE - RARE OPPORTUNITY. 5 MIN AWAY from UPTOWN CHARLOTTE, Bank of America stadium, Spectrum Center, Truist Field - minutes away from several Universities, Midwood, Midtown & more! EXCELLENT INCOME-PRODUCING opportunity. The land currently holds 11 units but could go up to 12 units. Units are well maintained and are currently rented-out and STAYS OCCUPIED, GREAT CASH FLOW. THIS OPPORTUNITY IS PERFECT for a DEVELOPER OR INVESTOR to build on what's already there or create something new.

Elementary School Middle School High School
Unspecified Elementary School Unspecified Middle School Unspecified High School
Price History
3/18/2022 Listed $1,350,000
8/18/2022 4% - $1,299,000

General Features

Appliances Electric Range, Refrigerator
Car Hoasubjectto None
City Charlotte
Construction Materials Brick, Brick Partial
Construction Type Site Built
County Mecklenburg
Days on Market 27
Elementary School Unspecified
HLA Area 7468
Heating Central, Window Unit(s)
High School Unspecified
Middle/Junior High School Unspecified
New Construction No
Pets Allowed Conditional
Property SubType Multi-Family
Property Type Residential Income
Rent Includes See Remarks
Sewer Public Sewer
Standard Status Active
Street Name Newland
Structure Type Eightplex+
Subdivision Name Hampton Leas
TaxAssessedValue 539900
Tenant Pays All Utilities
Total Units 11
Year Built 1961
Zoning Description R12MF

Interior Features

Full Baths 1
Laundry Features Other
Street Suffix Road
Total Bedrooms 2
Water Heater Other

Exterior Features

Living Area 7468
Building Area Total 7468
Foundation Details Crawl Space
Lot Size Area 0.88
Lot Size Units Acres
Main Level Garage YN No
Parking Features Driveway
Road Responsibility Public Maintained Road
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 28216

Price
AVG $630K
$1.3M
Visits
AVG 138
314
Year Built
AVG 1977
1961
Walkscore
AVG 36
42
Data Provided by Walkscore ® not using MLS data

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