Price Reduction
1121 Polk Street Charlotte, NC
$ 2,100,000
Property Attributes
  • MLS#3396110
  • TypeMulti-Family
  • CityCharlotte
  • AreaMecklenburg County
  • NeighborhoodGreenville
  • Zip28206
  • Style
  • Price$ 2,100,000
  • Bedrooms37
  • Full Bathrooms19
  • Half Bathrooms2
  • Sqr Footage16840
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
DPW Realty Group Inc
Property Description

The price of this rental income portfolio has been revised to include 16 units consisting of single family homes and townhomes. This address is one being sold together as part of a well seasoned Residential Rental Income Portfolio. Low turn over, low vacancy & high occupancy all year. Currently at 100% occupancy as of the listing date. Ideal for buyers targeting cap rates of 6%. All of the properties are in established neighborhoods with high demand in areas including this property near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rents irange from $500 to $1600 per month. Tenants pay all utilities. Expected gross income is $161,2564 + 8% rent increases 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
6/27/2018 58% - $2,100,000

General Features

Association Fee Frequency Monthly
Construction Status Complete
Elementary School Byers
HOA Fee 78.00
High School West Charlotte
Middle/Junior School Walter G Byers
Number Of Projected Units Total 16
Pets Allowed Y/N Yes
Property Features Cable Available
Property Sub Type Other
Property Type Multi-Family
Status Active
Subdivision Name Greenville

Interior Features

Beds Total 37
Equipment Cable Prewire, CO Detector
Flooring Carpet, Vinyl/Linoleum, Wood
Full Baths 19
Half Baths 2
Heating Central Air, Electric Baseboard Heat, Gas Hot Air, Window Unit
Laundry Location Main
Water Heater Gas

Exterior Features

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
Porch Covered
Sewer City Sewer
Style Other
Water City Water


  • 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

AVG $2.1M
AVG 659
Year Built
AVG 2000
AVG 33

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