1121 Polk Street, Charlotte, NC 28206

1121 Polk Street $4,800,000

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    1121 Polk Street Charlotte, NC 28206

    • 98 Beds
    • 0 Baths
    • 1,436 sq.ft.
    • Multi-Family
    MLS# 3396110 | Active

    $4,800,000

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    Days On Market: 305 0 Views
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    Property Details

    This listing includes the sale of 37 Rental Properties. Current monthly expected gross income is $30,413. Expected Yearly Gross Rental Income is $364,956. Projected net income is $255,469. This is a well seasoned Residential Rental Portfolio. Low turn over, low vacancy, high occupancy. Ideal for buyers targeting cap rates of 5%-6%. All of the properties are in established neighborhoods with high demand. Property locations include areas near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rates range from $500 to $1675 per month. Tenants pay utilities. Qualified investors with cash, cash equivalent, 50%-60% leveraged transactions welcome! Do not disturb residents. This listing does not include all the necessary information required to analyze this portfolio. The listing template is limited to a single site multi family property. However, this listing includes multiple properties and multiple locations. Contact a Realtor for details

    • General Features
      • Year Built 1991
      • Tenant Pays All Utilities, Other
      • Property Sub Type Other
      • New Construction 0
      • County Or Parish Mecklenburg
      • Association Fee Frequency Monthly
    • Building Features
      • Architectural Style Other
      • Construction Status Complete
      • Sq Ft Total 1,436
      • Sq Ft Basement 0
      • Number Of Units Total 37
      • Room Other Bedroom(s), Breakfast, Kitchen, Utility
      • Sq Ft Additional 35768
      • Flooring Vinyl/Linoleum, Wood
      • Heating Central Air, Electric Baseboard Heat, Gas Hot Air, Window Unit
      • Foundation Details Basement, Crawl Space, Slab
      • Exterior Construction Brick Veneer Partial, Vinyl, Wood
      • Driveway Asphalt, Concrete
      • Equipment Cable Prewire,CO Detector
      • Water City Water
      • Water Heater Gas
    • Property Features
      • Lot Features Level
      • Exterior Features Deck
      • Lot Size Area 0.22
      • Sewer City Sewer
      • Parking On-Street Parking, Parking Space - 2

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    Neighborhood

    28206 (Charlotte) Demographics

    31Median Age
    1,790Population Density (per sq. mile)
    20%College Educated
    $28,034Estimated Median Income
    1,512Estimated Total Home Owners
    3,010Estimated Total Renters
    33% / 67%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    12,627Total Population

    Market Last 30 Days

    $228,000 Median Sales Price
    11 Homes Sold
    20 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,800,000 128.57%
        5/25/2018 5:58:00 PM New in Database Source New Value: $2,100,000

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