Located in the heart of Charlotte's desirable Cotswold neighborhood, this 18-unit multifamily property offers a rare mix of immediate stability and long-term upside. Spread across four buildings on two distinct parcels (4102 Craig Ave and 1401 Falcon St), the portfolio consists entirely of easily leasable 1BR/1BA floor plans. Recent interior renovations, including modernized kitchens and baths, limit upfront capital expenditures. Investors can capitalize on historically strong tenant demand in the 28211 zip code while systematically capturing market-rate premiums to drive revenue growth. Buildings are at full occupancy except for one unit held open for showings. Ask about our other properteries -- this seller has 124 units for sale at 5 different complexes, all 1, 2, and 3 bedroom.
| MLS # | 4399631 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 29 |
| Listing Provided By | BnBCabins Inc | John Cockman |
| Bed(s) | 18 |
|---|---|
| Bath(s) | 18 Total |
| SQ Feet | 11,268 |
| Story(s) | 1 |
| Units | 18 |
| Acreage | 0.88 |
| Cooling | Electric |
|---|---|
| Heating | Electric, Natural Gas, Separate Meters |
| Appliances | Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Oven, Refrigerator |
| Roof | Architectural Shingle |
|---|---|
| Security Features | Smoke Detector(s) |
| Construction Materials | Brick Full |
| Foundation Details | Crawl Space |
| Lot Features | Corner Lot, Paved |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
| Utilities | Cable Connected, Electricity Connected, Natural Gas, Phone Connected, Underground Utilities, Wired Internet Available |
|---|
| Community Features | Sidewalks, Street Lights |
|---|
| List Aor | Canopy Realtor Association |
|---|
| Property | 1966200 |
|---|
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28211 |
| Area | Mecklenburg |
| School District | Myers Park |
| Elementary School | Billingsville Cotswold |
| High School | Myers Park |
| Listing VS Median (in 28211) | |
Price: $2,950,000 low | high Med: $749,450 sqft: 11,268 low | high Med: 2,476 $ / sqft: $262 low | high Med: $306 On site: 29 low | high Med: 95 | |
| State | NC |
|---|---|
| County | Mecklenburg |
| City | Charlotte |
| Zip Code | 28211 |
| Area | Mecklenburg |
| School District | Myers Park |
| Elementary School | Billingsville Cotswold |
| High School | Myers Park |
| Listing VS Median (in 28211) | |
Price: $2,950,000 low | high Med: $749,450 sqft: 11,268 low | high Med: 2,476 $ / sqft: $262 low | high Med: $306 On site: 29 low | high Med: 95 | |