(LAND+HOUSE) PRIME DEVELOPMENT OPPORTUNITY: OVERSIZED LOT W/ MULTI-UNIT POTENTIAL! (CHARLOTTE, NC 28206)
TOTAL ASKING PRICE: $237,300
NEW CONSTRUCTION DUPLEX SALES PRICE (Per Side): $390,000
NEW CONSTRUCTION SFR SALES PRICE: $377,000
SFR FIX & FLIP ARV: $245,000
Prime Location
- Highly desirable buildable lot in North Charlotte Corridor, just minutes from Uptown
- Proximity to major cultural and social hubs like Camp North End, NC Music Factory, NoDa, Plaza Midwood, and Optimist Hall
- Access to highways and urban conveniences, maximizing appeal and market value
Zoning & Development Options
- Zoned N1-B, offering flexibility for single-family, duplex, or triplex developments
- Large lot allows for potential subdivision, choose to retain the current home while building an additional dwelling (refer to survey & proposed subdivision plan)
- Or choose to demolish current structures for two large lots with enhanced frontage, maximizing development density and investment returns
Utilities & Infrastructure
- City water and sewer lines readily available at the extensive road frontage
- Accessibility and service options provide a solid foundation for immediate or future development (aerial service map provided)
Lot Features / Conditions
- Rare, oversized 0.634-acre lot with flat, mostly cleared terrain, ideal for streamlined construction
- Impressive 149.74 feet of road frontage, allowing for an attractive curb appeal and maximized build capacity
Existing Structures & Occupancy / Access Details
- 900 sq. ft. brick home with 2 bedrooms and 1 bath, featuring recent updates including a new electrical panel and bathroom renovations
- Offers must be sight unseen; *No interior access until tenants vacate within their notice period with no disturbance as previously agreed upon*
- Please give us a heads up if you plan on driving by the property; *Respect tenant privacy and no trespassing for all parties involved at this time to maintain smooth transition*
- Min. Building Requirements:
- Lot Size: 8,000 Sqft (per lot)
- Frontage: 60′
- Setbacks: 27′ Front, 5′ Sides, 35′ Rear
COMPS:
Duplex Townhouse New Build Sales: (Per unit)
- 831 McArthur Ave, SOLD $425,000 3bd / 2.5ba 1,650 sqft 2023 build
- 724 Rodey Ave, SOLD $414,900 3bd / 2.5ba 1,580 sqft 2024 build
- 2505 Rachel St, SOLD $330,000 3bd / 2.5ba 1,567 sqft 2024 build
SFR New Build Sales:
- 4119 Rutgers Ave, SOLD $425,000 4bd / 3ba 1,614 sqft 2023 build
- 1218 Rosada Ave, SOLD $365,000 4bd / 2.5ba 1,865 sqft 2023 build
- 339 Austin Dr, SOLD $340,000 3bd / 2ba 1,190 sqft 2024 build
SFR Fix & Flips: (1963 or older builds)
- 3908 Northaven Dr, SOLD $390,000 3bd / 2ba 1,102 sqft 1949 build w/Detached workshop in back*
- 4800 Northaven Dr, SOLD $255,000 3bd / 1ba 843 sqft 1961 build
- 806 Farmcrest Dr, SOLD $249,500 2bd / 1ba 913 sqft 1963 build
- 601 Northcrest Dr, SOLD $230,000 3bd / 1ba 1,000 sqft 1963 build
*CLICK HERE TO SUBMIT OFFER*
Contact for all info & offers!
704-741-2044
Kristie@zeres.capital
Looking for a CASH transaction. This is an assignment of contract and a non-refundable deposit is required in order to lock up the deal.
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Submitting your offer
Please submit your Highest and best offer once all due diligence has been completed. The highest and best will be accepted based on speed of closing, convenience and price.
All offers must be cash, private lending or hard money only, with the ability to close within (21) days or less. Price is net to the seller, buyer pays all closing costs unless otherwise specified.
After the offer is accepted, the contract must be signed and EMD must be received within 5 hrs to the agency/office that is facilitating the closing. Minimum EMD amount for this property is $5,000. Earnest Money Deposit is Non-Refundable unless title cannot be cleared.
All properties in which the contract is assigned will be delivered fully insured with clear title from a reputable title company/attorney’s office and underwriter.
Basic Terms
For any offering, we either own the property or have equitable ownership interest with the ability to assign our contractual rights to the purchasing party. The buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. The opinion of value is given as a courtesy only as the seller makes no guarantees or warranties, express or implied, as to the value or condition of the property.
Wholesalers and Real Estate Agents
You may share this property with your buyers, however, please do not post this deal on any online platform without our consent. Wholesalers and Real Estate Agents, please add your fee and/or commission on top of our offering price when marketing to clients. To discuss further, please contact us.