421 Honeywood Avenue, Charlotte, NC 28216 (MLS # 4361372)
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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.
| YEAR BUILT | 1969 | COUNTY | Mecklenburg |
|---|---|---|---|
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Unspecified |
|---|---|
| Jr. High School | Unspecified |
| High School | Unspecified |
| ADDITIONAL DETAILS | |
| AIR | Ductless, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Bar Fridge, Dishwasher, Dryer, Microwave, Refrigerator, Washer |
| HEAT | Baseboard, Ductless |
| LOT | 0.94 acre(s) |
| LOT DIMENSIONS | 0.94 |
| MLS STATUS | Active |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Connected |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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