1111 Herrin Avenue, Charlotte, NC 28205

$950,000
8
BD
3,800
SqFt
List Price
$950,000
MLS#
CAR3595955
Status
ACTIVE
Days on Market
25
Property Type
Residential Income
Architectural Style
Arts and Crafts, Contemporary, Cottage/Bungalow, Modern
Stories
Fourplex
Year Built
1950
Price Change
▼ $48,000 1584118822
Bedrooms
8
Full Baths
5
Lot Size
11,325
Lot Size Area
0.26
Living Area
3,800
Sq Ft Total
3800
County
Mecklenburg
Subdivision
The Arts District
Special Conditions
None
Dom
9

Property Description

Excellent opportunity for qualified investor. Well maintained, fully furnished turnkey investment property in the heart of the booming NoDa Arts District, 10 minutes to Center City Charlotte. GROSS ANNUAL INCOME $96,700/ NOI $67750 /CAP 7.20%. Short term rentals easily run, managed OR converted to long term rental with excellent return. Walk to Rail, local bars, restaurants and shopping. NO HOA, 4 separately metered apartments, HVAC 2018, roof 2017, structure approved by engineer & interior/exterior improvements. Private Parking lot & bicycle storage shed. Auto Locks on all units. Property consists of 2 duplexes, 1 garden/ 1 masonry 2 story. Three, 2br 1ba & One, 2br 2ba units. Do Not Disturb Guests. Note: there are no leases this is a short term rental (like airbnb etc) Contact agent directly for appointment. Offers with proof of funds must be submitted prior to showing. Offers contingent upon walkthrough. Please note there are no leases. Rents shown are avg annual monthly income

Additional Information

Community Features
Business Center, Playground, Recreation Area, Sidewalks, Street Lights, Other
Fireplace
Yes
Floor Coverings
Laminate, Sustainable, Tile, See Remarks
Equipment
Cable Prewire, Ceiling Fan(s), CO Detector, Electric Cooktop, Dishwasher, Dryer, Electric Range, Plumbed For Ice Maker, Microwave, Natural Gas, Network Ready, Range Hood, Refrigerator, Wall Oven, Washer, Other
Foundation
Crawl Space
Laundry Location
Main Level, Upper Level, In Kitchen, Utility Room
Heating
Central, Forced Air
Water Heater
Electric
Water
Public
Sewer
Public Sewer
Exterior Features
Fence, Storage, Terrace, Other
Exterior Construction
Aluminum Siding, Brick, Wood Siding
Parking
Parking Lot, On Street, Parking Space - 4+
Driveway
Gravel
Lot Description
Level
Elementary School
Walter G Byers
Middle School
Eastway
High School
Garinger
Construction Status
Complete

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of EG Real Estate Consultants.

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