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Dee Owens

deeowenslkn@gmail.com +1(980) 722-6878

$ 2,650,000

Est. payment | -/mo

20 Beds

20 Baths

12,524 SqFt

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$ 2,650,000

Est. payment | -/mo

Save

20 Beds

20 Baths

12,524 SqFt

Key Details

Property Type Multi-Family

Sub Type Fiveplex

Listing Status Active

Purchase Type For Sale

Square Footage 12,524 sqft

Price per Sqft $211

MLS Listing ID 4361715

Bedrooms 20

Full Baths 20

Abv Grd Liv Area 12,524

Year Built 1962

Lot Size 1.230 Acres

Acres 1.23

Property Sub-Type Fiveplex

Property Description

Presenting an exceptional value-add multifamily investment opportunity located at 3500 North Sharon Amity Road in the rapidly expanding East Charlotte submarket. This highly efficient 20-unit asset consists entirely of desirable 1-bedroom, 1-bathroom floor plans, catering perfectly to the area's growing demographic of young professionals seeking affordable proximity to Charlotte's urban core. Owned and maintained by the same owner for decades, the property features a proven, organic value-add program where interior renovations have been successfully executed over the last decade as units turn over, effectively proving out the post-renovation rent premiums. Strategically positioned just minutes from Charlotte's most vibrant cultural and entertainment districts, including Plaza Midwood, NoDa, and the Uptown central business district, the property provides immediate access to major transit routes, prominent employment hubs, and ongoing commercial redevelopment corridors. Furthermore, the site boasts high-visibility frontage directly along the North Sharon Amity Road corridor with outstanding exposure and traffic counts exceeding 25,000 vehicles per day. Tenants benefit from exceptional convenience, being surrounded by a robust lineup of daily-needs retailers within walking distance or a short drive, including Food Lion, Walgreens, CVS, Family Dollar, and Bojangles. Supported by strong submarket fundamentals and dense local demographics featuring a population of over 95,000 residents within a 3-mile radius, 3500 North Sharon Amity Road is perfectly positioned to capture the influx of renters who desire the lifestyle amenities of Charlotte's premier historic districts but require a more approachable price point, ensuring long-term tenant demand and property appreciation for the new owner.

Location

State NC

County Mecklenburg

Zoning N2-B

Interior

Interior Features Open Floorplan, Pantry

Heating Electric, Natural Gas, Separate Meters, Wall Furnace

Cooling Ceiling Fan(s), Wall Unit(s)

Flooring Tile, Vinyl, Wood

Appliance Electric Oven, Electric Range, Electric Water Heater, Refrigerator

Laundry None

Exterior

Community Features Sidewalks, Street Lights

Utilities Available Cable Available, Electricity Connected, Natural Gas

Waterfront Description None

Roof Type Architectural Shingle

Street Surface Asphalt,Paved

Garage false

Building

Lot Description Corner Lot, Green Area, Level, Paved

Dwelling Type Site Built

Foundation Crawl Space

Sewer Public Sewer

Water City

Structure Type Brick Full

New Construction false

Schools

Elementary Schools Idlewild

Middle Schools Eastway

High Schools Garinger

Others

Pets Allowed No

Senior Community false

Restrictions No Restrictions

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by John Cockman • BnBCabins Inc • wataugarealtor@gmail.com

3500 N Sharon Amity RD Charlotte, NC 28205

Dee Owens

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3500 N Sharon Amity RD