1701 Remount Rd Charlotte, NC 28208

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.