1909 Pegram Street, Charlotte, NC 28205 (MLS # 4317137)
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Nestled in the heart of Charlotte's vibrant Villa Heights neighborhood, 1909 and 1917 Pegram Street present a rare and compelling investment opportunity. These two multifamily properties"”a triplex at 1909 Pegram St. and a quadraplex at 1917 Pegram St."”are offered together as a seven-unit portfolio, each on its own parcel but sold as a unified investment. Just a short walk from the bustling NODA district, residents enjoy immediate access to Charlotte's premier nightlife, restaurants, breweries, and the Lynx Blue Line, making this location highly desirable for both short-term and long-term tenants. Both buildings underwent a complete renovation in 2020, transforming them into modern, turnkey residences. Each unit is thoughtfully outfitted with a full appliance package, including stackable washer/dryer units, ensuring convenience and comfort for tenants. The interiors are fully furnished, reflecting the properties' history as corporate short-term rentals for the past five years (add $15k for furnishings package). This setup allows a new owner to seamlessly continue short-term operations or pivot to long-term leasing strategies. The exterior spaces are equally appealing, featuring green space shaded by mature trees and a fenced-in dog/play park, enhancing the livability and charm of the community. With all units scheduled to be vacant by the end of October 2025, the portfolio offers a clean slate for investors to place vetted tenants on their own terms, maximizing rental income and operational control. The attached income evaluation of this portfolio is based on a Pro Forma financial model for long-term rentals, which outlines the income potential and projected returns. Given the properties' proximity to downtown Charlotte, and the ever-growing popularity of NODA, there is significant upside potential. Whether continuing with furnished short-term rentals or transitioning to long-term leases, this seven-plex portfolio is a strategic acquisition for investors seeking growth, flexibility, and location-driven value.
| TRACT | Villa Heights | YEAR BUILT | 1968 |
|---|---|---|---|
| COMMUNITY | Villa Heights | COUNTY | Mecklenburg |
| STATUS | Coming Soon | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Unspecified |
|---|---|
| Jr. High School | Unspecified |
| High School | Unspecified |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Electric Range, Electric Water Heater, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, Microwave, Oven, Refrigerator, Washer |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Brick |
| HEAT | Heat Pump |
| LOT | 0.5 acre(s) |
| MLS STATUS | Coming Soon |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| SUBDIVISION | Villa Heights |
| UTILITIES | Cable Available |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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