Listing Agency: Helen Adams Realty f***@helenadamsrealty.com Show Phone

Listed By: Jeff Weiss Show Phone

Source: Exprealty

Added: Oct 26 Changed: Nov 1 Last Checked: Nov 1 at 3:35PM

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Investment Insights

Based on property information with market context.

This townhome portfolio is located in Sharon Lakes, Charlotte. Every residence is currently leased, and select units have received updates to water heaters, air-conditioning systems, and other components. The portfolio is reported to produce a cap rate above 8%.

Key Highlights

• All residences are currently leased
• Cap rate exceeds 8%
• Located in Sharon Lakes, Charlotte

Location Intelligence

Trade Area within ½ mile

399

Businesses Nearby

Explore this area Business Placement

Demographics for 28210, NC

46,843

Population

22,376

Households

2.1

Avg Household Size

37

Median Age

60%

College-Educated

91%

High-School Grad

12.4 sq mi

ZIP Area

3,778

Density / Sq Mi

$94,145

Median Household Income

$54,965

Median Earnings

$1,444

Median Rent

$486,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - The properties are in Sharon Lakes, with select homes featuring newer water heaters and air-conditioning equipment.

Where is this multifamily property located?

The property is located at 1901 Mereview Court Charlotte, NC.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: All residences are currently leased; Cap rate exceeds 8%; Located in Sharon Lakes, Charlotte