The Excellence of living in Wrapche

1704-1732 Newland Road

Charlotte, NC 28216

MLS#: 4150129

$1,299,000

Status: Closed
Listing number: 4150129
Listing provided by: Ethics Realty Inc
Listing agent phone: None
Last update: 1 year, 8 months ago
Browse Properties
Lincoln Heights - Residential Income

Property

Beds

16

Full Baths

8

1/2 Baths

None

Year Built

1962

Sq.Footage

5,568

8 identical income producing side-by-side single family units (sold as an 8-plex) on a corner lot with over an acre in the well known up and coming Lincoln Heights community! 5 minutes from uptown Charlotte, close to major attractions like Bank of America Stadium, Spectrum Center, and Truist Baseball Field. Also conveniently close to Plaza Midwood, Noda, Optimist Hall.. All roofs replaced in 2012, all new low-e windows (with exception of unit 1732) were replaced around 2018. Unit 1732 has a new HVAC installed in 2021, unit 1728 - new HVAC installed 5-6 years ago. Same tenants in all units for over 5 years, all on a month-to-month for a long time. Tenants currently pay utility bills and lawn services. Great buy and hold opportunity. The front of all units has newer paint to give a nice matching pattern. City of Charlotte charges $46 (total for all 8 units) for stormwater services. This 8-plex is also sold under RESIDENTIAL on the MLS# 4159829.

Features & Amenities

Interior

  • Total Bedrooms

    16

  • Bathrooms

    8

  • Above Grade Finished Area

    5568.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Forced Air, Natural Gas

  • Pet friendly

    No

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Assigned, Driveway

  • Patio and Porch Features

    Covered

  • Pool

    No

Area & Lot

  • Lot Features

    Corner Lot, Level

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,299,000

  • Sq. Footage

    5, 568

  • Price/SqFt

    $233

HOA

  • Association

    No

School District

  • Elementary School

    Unspecified

  • Middle School

    Unspecified

  • High School

    Unspecified

Property Features

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Mecklenburg

Elementary School

Unspecified

Middle School

Unspecified

High School

Unspecified

Listing Courtesy of Sami Bianouni , Ethics Realty Inc

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8 identical income producing side-by-side single family units (sold as an 8-plex) on a corner lot with over an acre in the well known up and coming Lincoln Heights community! 5 minutes from uptown Charlotte, close to major attractions like Bank of America Stadium, Spectrum Center, and Truist Baseball Field. Also conveniently close to Plaza Midwood, Noda, Optimist Hall.. All roofs replaced in 2012, all new low-e windows (with exception of unit 1732) were replaced around 2018. Unit 1732 has a new HVAC installed in 2021, unit 1728 - new HVAC installed 5-6 years ago. Same tenants in all units for over 5 years, all on a month-to-month for a long time. Tenants currently pay utility bills and lawn services. Great buy and hold opportunity. The front of all units has newer paint to give a nice matching pattern. City of Charlotte charges $46 (total for all 8 units) for stormwater services. This 8-plex is also sold under RESIDENTIAL on the MLS# 4159829.

1704-1732 Newland Road

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