2800 Carol Ave, Charlotte, NC 28208

Sqft
1,804

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Listed byMark Spain Real Estate
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Overview

Investor Gem! Turnkey 4-unit (4-1BR studios) on 0.31 acres in red-hot Enderly Park — fully managed by PM, tenants pay every utility, and it’s never sat through an extended vacancy. In-place rents still trail the market, so the Property is a 4plex multifamily, not a SFH home as listed above.

Upside is baked in and ready: lease renewals on two units just came in higher for the upcoming lease year. Units 1–3 were taken down to rehab two years ago and Unit 4 sits in original condition — an est. ~$10K refresh forces appreciation through higher rents and property value. Property has a large, unused walk in basement that could be permitted and converted to a 5th apartment.

Private, exclusive parking lot — no shared drives, no neighbor friction. New construction is trading from the low $500Ks right around the block.

Walkable to the West End boom on Tuckaseegee Rd: the 27-acre Savona Mill redevelopment (Savona Food Works food hall, 300+ apartments), the $80M Lower Tuck warehouse conversion, and Station West. 10 minute walk to Stewart Creek Greenway running straight to Uptown. Quick hits to Freedom Dr, Wilkinson Blvd, I-85 and I-77.
Cash flows today, added appreciation tomorrow. Buy and hold or buy for a future build — your choice in the one neighborhood with unlimited momentum and growth!

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Square feet
1,804
Lot size (acres)
0.25
Year built
1954

Interior features

Basement
Yes
Laundry
In Kitchen

Utilities

Heating
Electric
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Public schools

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Sourced from: Canopy MLS MLS®#: 4401707 Last checked:

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