241 W Kingston Ave - Apartments FOR SALE


Charlotte, NC 28203
$2,200,000 USD
704-774-9907
241 W Kingston Ave, Charlotte, NC for Sale
$2,200,000 USD
Apartments - FOR SALE
1/65
null | 5.63% Cap Rate

241 W Kingston Ave
Charlotte, NC 28203


HIGHLIGHTS

  • In the Heart of Popular South End! Walk to popular restaurants, nightlife and shopping and ride bike/scooter to uptown Charlotte
  • New exterior paint! Historic Charm, Quality finishes, Natural light, each unit has its own laundry room!
  • Deeded drive easement from Tryon Rd. to the back that provides 15+ parking spots!

OVERVIEW

The location just doesn't get any better than this! Perfectly located in the most desirable South End w/everything like shopping, entertainment, restaurants or walk to work just steps away. The new Lowes corporate building is just across the street. It is positioned perfectly in the charming historical district lined w/gorgeous oaks & high up on a large lot that has both front & back access/parking. This property has endless investment opportunities. It is a very successful short-term rental w/a high occupancy rate for all 4 units, that bring in an average of $12k per month. Incredible reviews too! The whole home has recently been painted a stunning white. Each unit has hand-crafted trim, solid hardwood floors, full tile bathrooms, lots of natural light from the oversized windows, laundry room, pantry, walk-in closet, coat closets, well designed & each has a front porch & or side patio. 15+ parking spots. Too many feature to describe. You must see it for yourself. It won't last long!

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$743 USD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

5.63%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R8

APN/PARCEL ID

119-079-54

ASK ABOUT THIS PROPERTY

Lauren EasonGold House Properties LLCMore Info
704-774-9907

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Lauren EasonGold House Properties LLCMore Info
704-774-9907

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