(LAND) SFR / DUPLEX NEW CONSTRUCTION OPPORTUNITY! (CHARLOTTE, 28208)
ASKING PRICE: $93,700
SFR POST CONSTRUCTION VALUE: $317,500
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Location
- Minutes from Uptown, offering unbeatable urban convenience.
- Surrounded by a mix of mature homes and new construction.
Zoning & Development
- Zoning: N1-C, allowing for SFR or Duplex builds.
- Development Updates:
- Administrative adjustment for a side setback reduction (from 5’ to 3’) is pending approval.
- Easement to be recorded with title work for structural encroachment.
Utilities & Infrastructure
- Utilities: City water and sewer lines are available at road frontage for seamless connection (map screenshot provided).
- Access: Easy street access, ensuring smooth logistics for development.
Lot Condition & Topography
- Condition: Slightly wooded with minimal clearing needed, offering a straightforward path to construction.
- Topography: Flat and builder-ready, simplifying site prep and reducing development costs.
Included Features
- Survey: A comprehensive survey is included, detailing:
- Admin adjustment for setback changes.
- Easement resolution for the structural encroachment.
- Lot Size: 0.23 acres (10,018.8 Sqft)
- Zoning: N1-C
- Min. Building Requirements:
- Lot Size: 6,000 sqft
- Frontage: 50′
- Set Backs: Front: 17′, Sides: 3′ & 5′, Rear: 30′
COMPS:
SFR
- 518 Melynda Rd, SOLD $325,000 3bd / 2ba 1,200 Sqft (2024 Build)
- 624 Cantwell St, SOLD $310,000 3bd / 2ba 1,128 Sqft (2024 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.