Address
1121 Polk Street Charlotte, NC
Price
$ 4,900,000
Property Attributes
  • MLS#3396110
  • TypeMulti-Family
  • CountyMECKLENBURG
  • CityCharlotte
  • AreaMecklenburg County
  • NeighborhoodGreenville
  • Zip28206
  • Style
  • Price$ 4,900,000
  • Bedrooms96
  • Full Bathrooms42
  • Half Bathrooms4
  • Sqr Footage1436
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
DPW Realty Group Inc
Property Description

This one of 37 units being sold together as part of a well seasoned Residential Rental Income Portfolio. Low turn over, low vacancy and high occupancy all year. Currently at 100% occupancy as of the listing date. Ideal for buyers targeting cap rates of 5%-6% unleveraged and 7%+ leveraged. All of the properties are in established neighborhoods with high demand in areas including this property near Uptown's NC Music Factory area. Others are located near The Plaza, Uptown, Druid Hills South, Biddleville, JC Smith University area, I-77, I-285 & 1 unit in Ballantyne area. Rents irange from $500 to $1600 per month. Tenants pay all utilities. Expected gross income is $353,550 for 2018-2019. Qualified investors with cash or cash equivalent, 50%-60% leveraged transactions also welcome! Do not disturb residents. Contact the listing agent or Call your Real Estate Broker for additional information & brochure available with this listing.

Elementary School Middle School High School
Byers Elementary School Walter G Byers Middle School West Charlotte High School
Price History
5/25/2018 Listed $4,900,000

General Features

Association Fee Frequency Monthly
Construction Status Complete
HOA Fee 78.00
Number Of Projected Units Total 37
Property Features Cable Available
Property Sub Type Other
Status Active
Subdivision Name Greenville

Interior Features

Beds Total 96
Equipment Cable Prewire, CO Detector
Flooring Carpet, Vinyl/Linoleum, Wood
Heating Central Air, Electric Baseboard Heat, Gas Hot Air, Window Unit
Laundry Location Main
Water Heater Gas

Exterior Features

Architectural Style Other
Driveway Asphalt, Concrete
Exterior Construction Brick Veneer Partial, Vinyl, Wood
Exterior Features Deck, Patio
Foundation Details Basement, Crawl Space, Slab
Lot Description Level
Lot Size Area 0.220
Parking On-Street Parking, Parking Space - 2
Sewer City Sewer
Water City Water

Amenities

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

Property vs Zip Code Average in 28206

Price
AVG $2.59M
$4.9M
Visits
AVG 85
114
Year Built
AVG 1980
2000
Walkscore
AVG 37
33

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