4115 Bloomdale Dr Charlotte, NC 28211-5103
- Garden apartment buildings
- 8,496 SF
- 1.79 lot acres
Current Use by Public Records
- Mindful Therapeutic Kneading, LLC / Massage Therapist
Property Details for 4115 Bloomdale Dr
- Year built
- 1990
- Lot size
- 1.79 lot acres
- Property size
- 8,496 SF
- Zone code
- R17MF
- Property type
- Garden apartment buildings
- APN
- 15720320
- APU
- 15720320
Description
This exceptional 30-unit apartment building, situated on 1.5 acres in Charlotte, NC's desirable Cotswold neighborhood, presents a compelling value-add opportunity. The property comprises two, two-story buildings totaling 18,000 net rentable square feet, constructed in 1990. Featuring 44 parking spaces, the property boasts open one-bedroom floor plans with spacious layouts and vaulted ceilings in many units. Recent renovations, exceeding $300,000, encompass nearly all interiors, HVAC systems, and the parking lot. Significant income growth potential exists through further interior improvements (stainless steel appliances, granite countertops, etc.), operational enhancements, and leveraging projected 17% rent growth over the next four years within the submarket. The property's prime location offers residents convenient access to shopping (Publix, Harris Teeter, Starbucks, Chick-fil-A), dining, and major employment centers throughout Charlotte, including Uptown, South Park, Plaza Midwood, and Matthews. This presents a rare chance to acquire a well-maintained asset with substantial upside in a highly sought-after area. The property is classified as a Class B multifamily investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7827
- Latitude
- 35.1821
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
