421 Honeywood Avenue
Charlotte, NC
$1,750,000
Status: Active
Beds: 24
Full Baths: 12
Sq ft: 10682
Elementary School: Unspecified
Middle School: Unspecified
High School: Unspecified
Year Built: 1969
Acerage: 0.94 Acres
MLS #: 4361372
Status: Active
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Details & Amenities

This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades. Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units. Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation. Investment Highlights: 12-unit multifamily property 5 renovated units completed Proven rent benchmark at $1,500/month Significant remaining value-add potential Located in a high-growth rental market Opportunity to increase NOI through continued upgrades This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.
Property Type:
Residential Income


Map
This property is a listing of Coldwell Banker Realty.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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