6-Unit Condominium
1903 Beechtree Court # 25, Charlotte, NC 28210
For Sale
$665,000
Each residence has a one-bedroom, one-bathroom layout within a six-condominium offering.
Property Size4,002 SF
Price / SF$166.17
Days on Market21
Property Features for 1903 Beechtree Court # 25
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
No
6
Laundry Room,Other - See Remarks
4002
City
Parking Lot,Parking Space(s)
Asphalt,Paved
Slab
Publicly Maintained Road
Building Details
Building Size
Year Built
Listing Agency:
Dickens Mitchener & Associates Inc
(980) 268-2585
Listed By:
Unithia McGruder
Source:
Hansleyrealty
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 8:34PM
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 Dickens Mitchener & Associates Inc
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Investment Insights
Based on property information with market context.
This Charlotte condominium portfolio comprises six residences, each configured with one bedroom and one bathroom. The buildings date to 1972, and the property carries N2-B zoning. Exterior upkeep, landscaping, and water service are handled through the homeowners association.
Key Highlights
- Six condominium units, each with 1 bedroom and 1 bathroom
- Built in 1972
- N2‑B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,423
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,460
$968.5K
Cap Rate 7%
$691,757
$691.8K
Cap Rate 9%
$538,033
$538.0K
Market Conditions
NOI Build-Up for 4,002 SF
Gross rent
$93.2K $23.28/SF
− Vacancy
−$5.1K −$1.28/SF
EGI
$88.0K $22.00/SF
− OpEx
−$39.6K −$9.90/SF
NOI
$48.4K $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%
$968,460
Cap Rate 7%
$691,757
Cap Rate 9%
$538,033
Alternative Uses
Best Use
Apartment 5plus
$691.8K
$605.3K – $807.1K
NOI $48,423 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,287 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
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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
$486,000
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Charlotte, NC
Properties on Market for Multifamily properties in Charlotte
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has a one-bedroom, one-bathroom layout within a six-condominium offering.
Where is this multifamily property located?
The property is located at 1903 Beechtree Court # 25 Charlotte, NC.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Six condominium units, each with 1 bedroom and 1 bathroom; Built in 1972; N2‑B zoning
