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2611 Holton Ave Charlotte, NC 28208

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For Sale
$1,315,000

Ten Class B apartments near Charlotte's central business district.

Building Details

Year built
1985

Source: Anna Rohde Yuan Agent Anna Rohde Yuan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Charlotte Multifamily Investment Opportunity

This proposed acquisition features 10 one-bedroom, one-bathroom Class B apartments. The property is located 2.2 miles west of Charlotte’s central business district. The area is characterized by high growth and high demand, with near-zero vacancy rates. Current in-place rents are below market value. The average household income growth is 6.4% year over year. The vacancy rate within 2.2 miles of the property is 2.2%. The population growth is 1.5% annually. The property is positioned to deliver immediate cash flow and appreciation due to market dynamics that strongly favor landlords. The location provides convenient access to tens of thousands of jobs. There is a limited supply of similar apartments in the area.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Charlotte
County
Mecklenburg
State
North Carolina
Longitude
-80.9018981
Latitude
35.2261856

FAQs

What type of property is this?
Apartment building - Ten Class B apartments near Charlotte's central business district.
Where is this apartment building located?
The property is located at 2611 Holton Ave Charlotte, NC.
What is the asking price?
The asking price for this property is $1,315,000.
What are key features of this property?
This property features: - Near-zero vacancy market (2.2% vacancy rate within 2.2 miles); - Located 2.2 miles west of Charlotte's central business district; - High growth, high demand area
More about this property
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