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1405 Catherine Simmons Ave
Charlotte, NC 28216

Cummings Avenue Apartments · Multifamily Property For Sale · 55 Units

Investment Highlights

  • 12 Income-Producing Apartments on 1.329 acres very close to Uptown Charlotte just off I-77, exit 12.
  • Currently 100% occupied with 9 of 12 units having been updated within the last 12 months.
  • Washer/Dryer hookups. Central Heat & Air Conditioning.
  • Located in an Opportunity Zone.
  • All gas, electric & water utilities are separately metered and paid by each resident.
  • A prime location to buy and hold, hedge cash against inflation, or position for possible development near Uptown Charlotte.

PROPERTY FACTS

No. Units 55
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.33 AC
Building Size 9,699 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1961/2022
Parking Ratio 1.51/1,000 SF

Unit Amenities

  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 55 $1,048 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
075-044-28
Land Assessment
$450,271
Improvements Assessment
$832,701
Total Assessment
$1,282,972

zoning

Zoning Code R22MF
R22MF
  • Listing ID: 27951322

  • Date on Market: 2023-03-10

  • Last Updated:

  • Address: 1405 Catherine Simmons Ave, Charlotte, NC 28216

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