1300 Pamlico St - Apartments FOR SALE


Charlotte, NC 28205
$5,900,000 USD
704-904-5427
1300 Pamlico St, Charlotte, NC for Sale
$5,900,000 USD
Apartments - FOR SALE
1/31
null | 5.05% Cap Rate

1300 Pamlico St
Charlotte, NC 28205


HIGHLIGHTS

  • Great neighborhood lined with Million dollars homes on the same block. Excellent location

OVERVIEW

FOR SALE BY OWNER: Perfect 1031 Choice... Well-maintained property managed by the owner; it is located in a great area. (LIHTC) property; the restriction will end in 2029. The complex includes a laundry room, community room, and library. Each unit is 1 bedroom and 1 bath; 32 units. Buyers, please conduct your research. I can provide further financial information as needed. Buyer's agent can contact me for their commission. The building is priced at $5,900,000 with the vacant land. The building and lot are on one parcel but have two different addresses: The Building is at 1300 Pamlico Street and the land is at 1248 Louise Avenue. The property is priced below the current market value due to restrictions. • Great neighborhood lined with Million-dollar homes on the same block. Excellent location.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

32

PRICE/UNIT

$184,375

CAP RATE

5.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pamlico Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

16

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

N2-B Multifamily

APN/PARCEL ID

081-162-06

ASK ABOUT THIS PROPERTY

PJ SehdevPamlico ApartmentsMore Info
704-904-5427

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PJ SehdevPamlico ApartmentsMore Info
704-904-5427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.