Listing Agency: Coldwell Banker Realty l***@cbcarolinas.com Show Phone

Listed By: Samuel Grogan · License #190359 Show Phone

Source: Exprealty

Added: Oct 6 Changed: Oct 16 Last Checked: Oct 16 at 10:25AM

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Investment Insights

Based on property information with market context.

This 13-townhome offering spans Altura Southend, Belmont, Bronson Square and West Trade in Charlotte. The residences feature appliance packages, stone countertops, modern finishes, designer details and upgraded lighting. The portfolio is reported at 6,880 square feet, with 11 units currently occupied.

The properties are offered as a complete portfolio or in four sections: three homes in Altura Southend, three in Belmont, three in Bronson Square and four on West Trade Street. The West Trade group includes 1919, 1921, 1925 and 1927 West Trade Street.

Key Highlights

• 13 townhomes across four Charlotte communities
• 11 of 13 residences currently occupied
• 6,880 square feet reported for the portfolio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,246

Cap Rate

3.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,664,920 $1.7M

Cap Rate 7%

$1,189,229 $1.2M

Cap Rate 9%

$924,956 $925.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,880 SF

Gross rent

$160.2K $23.28/SF

− Vacancy

−$8.8K −$1.28/SF

EGI

$151.4K $22.00/SF

− OpEx

−$68.1K −$9.90/SF

NOI

$83.2K $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%

$1,664,920

Cap Rate 7%

$1,189,229

Cap Rate 9%

$924,956

Alternative Uses

Best Use

Apartment 5plus

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,246 @ 7.0% cap · market cap 3.78%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.29M

$2.00M – $2.67M (±1% cap)

NOI $160,374 @ 7.0% cap · market cap 7.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Law Firm Storage Facility Dental Office Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13

Residential units

Location Intelligence

Trade Area within ½ mile

436

Businesses Nearby

Explore this area Business Placement

Demographics for 28202, NC

16,447

Population

11,490

Households

1.4

Avg Household Size

31

Median Age

64%

College-Educated

95%

High-School Grad

1.8 sq mi

ZIP Area

9,137

Density / Sq Mi

$101,711

Median Household Income

$67,683

Median Earnings

$1,862

Median Rent

$425,900

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 - A multi-community Charlotte portfolio combines contemporary finishes with 11 occupied residences.

Where is this multifamily property located?

The property is located at 1919 W Trade St Charlotte, NC.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: 13 townhomes across four Charlotte communities; 11 of 13 residences currently occupied; 6,880 square feet reported for the portfolio