2200 Dunavant St Charlotte, NC 28203
Award-winning mid-rise apartment building in a high-rise submarket.
Source:
Nmrk
Listing Agent: Dean Smith
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mid-Rise Apartment Building For Sale
This award-winning mid-rise apartment building is located in a rarely traded Type 1 High-Rise submarket. The surrounding area features superior demographics, with an average household income of $146,000 and an average home value of $770,000 within a one-mile radius. There is potential to increase rents while maintaining a discount compared to the cost of homeownership, as owning is reportedly 150% more expensive than renting. A Brownfield tax abatement is expected to serve as an immediate catalyst to cash flow. The property has demonstrated strong lease-up performance with impressive recent trends. It is located near a transformative 26-acre mixed-use development and adaptive-reuse retail.
Location Intelligence
Current Use by Public Records
Hawkins Press
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.865318
- Latitude
- 35.207615
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FAQs
What type of property is this?
Apartment building - Award-winning mid-rise apartment building in a high-rise submarket.
Where is this apartment building located?
The property is located at 2200 Dunavant St Charlotte, NC.
What are key features of this property?
This property features: - Significant room to push rents while maintaining discount to proximate cost-to-own.; - Brownfield tax abatement serves as immediate catalyst to cash flow.; - Superior demographics with attractive rent to income dynamics.