1701 Remount Rd Charlotte, NC 28208-6267
Property profile & analytics
1701 Remount Rd Charlotte, NC 28208-6267
- Garden apartment buildings
- 11,024 SF
- 1.12 lot acres
Property ID
US53-5563672
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Fountain Hill Apartments / Apartment Complex
Property Details for 1701 Remount Rd
- Year built
- 1966
- Lot size
- 1.12 lot acres
- Property size
- 11,024 SF
- Zone code
- R22MF
- Property type
- Garden apartment buildings
- APN
- 11702307
- APU
- 11702307
Description
This exceptional 20-unit apartment building, situated on 1.09 acres in Charlotte, NC, presents a compelling investment opportunity. Built in 1966, the property boasts 15,063 square feet and currently enjoys 90% occupancy. The unit mix comprises nine one-bedroom, one-bathroom units and eleven two-bedroom, two-bathroom units, with an average rent of $983 per unit. Located at 1701 Remount Rd, this garden-style community benefits from its proximity to key areas: 1.7 miles from South End, 2.8 miles from Uptown Charlotte, and 5 miles from Charlotte Douglas International Airport. The property is adjacent to the redeveloped Westover Shopping Center, providing residents with convenient access to retail, dining, and entertainment. Currently, rents are significantly below market value, offering immediate potential for organic rent growth. Furthermore, the rapidly transitioning neighborhood and potential for redevelopment add to the long-term investment appeal. This asset presents a unique chance to implement renovation programs, achieving significant rental premiums and maximizing returns. The strong growth within the Charlotte market, coupled with the property's strategic location, makes this an attractive investment opportunity. The property is located in Mecklenburg County, zip code 28208.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,225,000
- 6.5%
- $2,050,000
- 7%
- $1,905,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,156,000
Market price range: $558k - $3.18M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8842
- Latitude
- 35.2178
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,682
$363,300
$1,365,600
$1,728,900
-
$363,300
$1,365,600
$1,728,900
