- Purchase Price: $685,000

- Value Add Opportunity

- +/-4,592 Total Sq. Ft.

.- 75 Acres, Room For Expansion

- Water (Separately Metered)

- Sewer Access (County Tap Paid)

This investment multi-family opportunity is located in Lowesville, near Lake Norman and the rapidly growing Denver sub-market.  Less than 3 miles from Walmart, Publix, Lowes, Harris Teeter, Food Lion, medical offices, banks, retail centers, gyms, and much more.  Close proximity to the new Hwy 16 that allows a convenient, low traffic drive into Charlotte. All existing tenants are on month to month leases, providing flexibility to achieve higher profitability by re-tenanting the property at market rents.

Total Square Feet: 4,592

Bedrooms: 2 per unit, 10 total

Bathrooms: 1.5 baths, 7.5 total

Year Built: 1984, renovated in 2014/16.

Total Acres: .75, area to expand and add additional units.

Zoning: Lincoln County, R-T (Residential transitional).

County Website: "Established to accommodate a wide variety of residential oriented uses in portions of the County which to date have not experienced significant amounts of growth. Areas zoned R-T should be viewed as development "holding zones".

Parking Spaces: +/-14 parking spaces with room to expand.

HVAC: Heat pump.

HVAC Systems: Unit # 1 & 3: Installed 2015, Unit #2: Installed 2013, Unit #4: Installed 2008,

Unit #5: Installed 2014

Roofing: 30 Year architectural shingle, installed in 2010.

Floor: Concrete slab on first floor with durable VCT tile floors and hardwood on the second floor.