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9517 Newell Hickory Grove Rd
Charlotte, NC 28215

University Northside Apartments · Multifamily Property For Sale · 29 Units

INVESTMENT HIGHLIGHTS

  • Well-maintained stabilized property with additional rent upside.
  • Opportunity to bill-back for water/sewer.
  • $630,000 spent in CapEx by the previous owner means limited deferred maintenance for new ownership.
  • Excellent proximity to Class A retail and university-area employment.

PROPERTY FACTS

No. Units 29
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.72 AC
Building Size 17,650 SF
Average Occupancy 97%
No. Stories 2
Year Built 1989
Parking Ratio 2.61/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Heating
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Tub/Shower
  • Smoke Free

SITE AMENITIES

  • Laundry Facilities
  • Security System
  • Smoke Free
  • Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 1 $650.00 -
1+1 20 $850.00 -
2+1 8 $950.00 -

PROPERTY TAXES

ZONING

Zoning Code R17MF
  • Listing ID: 22993661

  • Date on Market: 5/10/2021

  • Last Updated:

  • Address: 9517 Newell Hickory Grove Rd, Charlotte, NC 28215