End-Unit Residential Income
New
For Sale
$229,900
11059 Hunter Trail Ln, Charlotte, NC 28226
A two-level home separates the three upstairs bedrooms from the kitchen and living areas.
Property Size1,254 SF
Price / SF$183.33
Days on Market3
Property Features for 11059 Hunter Trail Ln
General Information
Standard status
Active
Size
1,254 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1973
Stories
2
Listed By:
David Upchurch
(704) 815-6995
Source:
Carolinahomeclick
Added: Oct 7
Last Checked: Oct 7 at 11:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Upchurch
Investment Insights
Based on property information with market context.
This end-unit residential income property at 11059 Hunter Trail Ln in Charlotte has 1,254 square feet, three bedrooms, and 2.5 bathrooms across two stories. The kitchen and living spaces feature tile flooring, while granite counters and appliances are part of the kitchen. A half bath serves the main floor, and all three bedrooms are upstairs. Built in 1973, the home has a multi-level layout.
Key Highlights
- End‑unit, two‑story layout
- 1,254 square feet with 3 bedrooms and 2.5 bathrooms
- Granite kitchen countertops and tile flooring in kitchen and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,173
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,460
$303.5K
Cap Rate 7%
$216,757
$216.8K
Cap Rate 9%
$168,589
$168.6K
Market Conditions
NOI Build-Up for 1,254 SF
Gross rent
$29.2K $23.28/SF
− Vacancy
−$1.6K −$1.28/SF
EGI
$27.6K $22.00/SF
− OpEx
−$12.4K −$9.90/SF
NOI
$15.2K $12.10/SF
Area
Charlotte, NC
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,460
Cap Rate 7%
$216,757
Cap Rate 9%
$168,589
Alternative Uses
Best Use
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,173 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.6K
$365.4K – $487.2K
NOI $29,231 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 28226, NC
40,513
Population
16,816
Households
2.4
Avg Household Size
41
Median Age
62%
College-Educated
96%
High-School Grad
14.7 sq mi
ZIP Area
2,756
Density / Sq Mi
$113,203
Median Household Income
$61,177
Median Earnings
$1,477
Median Rent
$560,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level home separates the three upstairs bedrooms from the kitchen and living areas.
Where is this residential income property located?
The property is located at 11059 Hunter Trail Ln Charlotte, NC.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: End‑unit, two‑story layout; 1,254 square feet with 3 bedrooms and 2.5 bathrooms; Granite kitchen countertops and tile flooring in kitchen and living areas
