1601 Dewberry Terrace, Charlotte, NC
Multi-family for Sale - $2,200,000
Property Info
| CIMLS# | 654642 |
| Location 1601 Dewberry Terrace Charlotte NC 28208 | |
| Updated | October 9th, 2013 |
| Type | Multi-family |
| Price | $2,200,000 |
Property Description
 56 townhouse style units
 95% occupied
 Large 3 and 4 bedroom units
 Room to raise rents $50-$75
 Near I-85 and I-77 resident marketing
 Can purchase adjacent land
 Close to Uptown Charlotte
 Water paid by tenants
Value Plays
1. Add new flooring and dryer connections so as to raise rents $75-100 and enjoy even greater CASH FLOW
2. City Grant monies available for new windows and locks
3. Minor cosmetic work on the exteriors
4. Perfect cash flow apartment deal
Notes:
1. All electric units