3500 N Sharon Amity Road,Charlotte, NC 28205
Charlotte, NC 28205
Description
Presenting an exceptional value-add multifamily investment opportunity located at 3500 North Sharon Amity Road in the rapidly expanding East Charlotte submarket. This highly efficient 20-unit asset consists entirely of desirable 1-bedroom, 1-bathroom floor plans, catering perfectly to the area's growing demographic of young professionals seeking affordable proximity to Charlotte's urban core. Owned and maintained by the same owner for decades, the property features a proven, organic value-add program where interior renovations have been successfully executed over the last decade as units turn over, effectively proving out the post-renovation rent premiums. Strategically positioned just minutes from Charlotte’s most vibrant cultural and entertainment districts, including Plaza Midwood, NoDa, and the Uptown central business district, the property provides immediate access to major transit routes, prominent employment hubs, and ongoing commercial redevelopment corridors. Furthermore, the site boasts high-visibility frontage directly along the North Sharon Amity Road corridor with outstanding exposure and traffic counts exceeding 25,000 vehicles per day. Tenants benefit from exceptional convenience, being surrounded by a robust lineup of daily-needs retailers within walking distance or a short drive, including Food Lion, Walgreens, CVS, Family Dollar, and Bojangles. Supported by strong submarket fundamentals and dense local demographics featuring a population of over 95,000 residents within a 3-mile radius, 3500 North Sharon Amity Road is perfectly positioned to capture the influx of renters who desire the lifestyle amenities of Charlotte's premier historic districts but require a more approachable price point, ensuring long-term tenant demand and property appreciation for the new owner. Ask about our other properteries -- this seller has 124 units for sale at 5 different complexes, all 1, 2, and 3 bedroom.
Details
| MLS # | 4361715 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 140 |
| Listing Provided By | BnBCabins Inc | John Cockman |
Features
| Bed(s) | 20 |
|---|---|
| Bath(s) | 20 Total |
| SQ Feet | 12,524 |
| Units | 20 |
| Acreage | 1.23 |
| Water Front | Yes |
Interior
| Cooling | Ceiling Fan(s), Wall Unit(s) |
|---|---|
| Heating | Electric, Natural Gas, Separate Meters, Wall Furnace |
| Interior Features | Open Floorplan, Pantry |
| Window Features | Insulated Window(s) |
| Appliances | Electric Oven, Electric Range, Electric Water Heater, Refrigerator |
Exterior
| Roof | Architectural Shingle |
|---|---|
| Security Features | Carbon Monoxide Detector(s), Smoke Detector(s) |
| Construction Materials | Brick Full |
| Foundation Details | Crawl Space |
| Lot Features | Corner Lot, Green Area, Level, Paved |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas |
|---|
Location
| Community Features | Sidewalks, Street Lights |
|---|
Other
| List Aor | Canopy Realtor Association |
|---|
Taxes
| Property | 1669300 |
|---|
Area Information
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28205 |
| Area | Mecklenburg |
| School District | Garinger |
| Elementary School | Idlewild |
| High School | Garinger |
| Listing VS Median (in 28205) | |
Price: $2,650,000 low | high Med: $499,995 sqft: 12,524 low | high Med: 1,679 $ / sqft: $212 low | high Med: $300 On site: 140 low | high Med: 101.5 | |
Market Activity 28205
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Learn More About This Property
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28205 |
| Area | Mecklenburg |
| School District | Garinger |
| Elementary School | Idlewild |
| High School | Garinger |
| Listing VS Median (in 28205) | |
Price: $2,650,000 low | high Med: $499,995 sqft: 12,524 low | high Med: 1,679 $ / sqft: $212 low | high Med: $300 On site: 140 low | high Med: 101.5 | |