Honeywood Apartments
$1,750,000
421 honeywood ave, Charlotte, NC 28216
10,800 sqft
Building Size
0.9 acres
Lot Area
Details:
Description:
12-unit value-add multifamily opportunity 5 units fully renovated Latest lease achieved $1,500/month Strong rental demand in Charlotte market Upside through remaining unit renovations
Opportunity to increase NOI and asset value
NO SELLER FINANCING
This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled , providing a clear path for continued upside through unit upgrades.
Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month , indicating strong rental demand and the potential to push rents across the remaining units.
Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors . The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation .
Investment Highlights:
12-unit multifamily property 5 renovated units completed Proven rent benchmark at $1,500/month Significant remaining value-add potential Located in a high-growth rental market Opportunity to increase NOI through continued upgrades
This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.
Listing ID: eca19684-5bcf-46c7-82eb-156d9dbae4bf
Documents:
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| Rent Roll | ||
| T12 | ||
| Offering Memorandum |
Location
Gallery
