Address
9604 Longstone Lane Charlotte, NC
Price
$ 5,995,000
Property Attributes
  • ID#3796048
  • TypeMulti-Family
  • CountyMECKLENBURG
  • CityCharlotte
  • AreaMecklenburg County
  • NeighborhoodCedar Walk
  • Zip28277
  • Style
  • Price$ 5,995,000
  • Bedrooms18
  • Full Bathrooms16
  • Half Bathrooms16
  • Sqr Footage16668
Listing Provided Courtesy Of:
Better Homes and Gardens Real Estate Paracle
Data Source:
Canopy MLS
Property Description

Portfolio of 8 Total Live/Work Units or 16 Total Doors - 8 COMMERCIAL downstairs, 8 RESIDENTIAL upstairs in the highly desirable Ballantyne area of Charlotte. This Class A investment opportunity is in the heart of Charlotte’s largest concentration of college educated and experienced workers. Exemplified by high-income demographics, very strong growth dynamics over a 20-year period, and a significant business, commercial, and residential presence. The property’s residential and retail rental income provides a stable, predictable, and diversified income stream with a track record of lease rate growth and property appreciation. Traditional operating expenses and management time are reduced through HOA maintenance of the exterior and roof, HOA paid water, basic cable/internet, and residential trash service.

Elementary School Middle School High School
Elon Park Elementary School Community House Middle School Ardrey Kell High School
Price History
10/14/2021 Listed $5,995,000

General Features

Additional Parcels Description 223-082-29, 223-082-28, 223-082-27, 223-082-32, 223-082-34, 223-082-35, 223-082-37
Appliances Electric Cooktop, Dishwasher
Architectural Style Other
Association Name Hawthorne Management
Car Hoasubjectto Required
City Charlotte
Construction Materials Brick Partial
Construction Type Site Built
County Mecklenburg
Days on Market 34
Directions From I-485 exit 59 Rea Rd merge onto Rea Rd., turn right onto Williams Pond Lane, turn left onto Elm Lane continue onto Bryant Farms Rd., At the traffic circle, take the 2nd exit onto Community House Rd
Elementary School Elon Park
HOA Fee 2600
HOA Fee Frequency Monthly
Heating Central
High School Ardrey Kell
Middle/Junior High School Community House
New Construction No
Pets Allowed Yes
Property SubType Multi-Family
Property Type Residential Income
Rent Includes See Remarks
Sewer Public Sewer
Standard Status Active
Street Name Longstone
Structure Type Other
Subdivision Name Cedar Walk
TaxAssessedValue 2458900
Tenant Pays Electricity
Total Units 8
Year Built 2008
Zoning Description NS

Interior Features

Full Baths 16
Half Baths 16
Laundry Features Main Level, Upper Level
Living Area 16668
Number Of Completed Units Total 8
Street Suffix Lane
Total Bedrooms 18
Water Heater Electric

Exterior Features

Building Area Total 16668
Foundation Details Slab
Main Level Garage YN No
Parking Features On Street
Road Responsibility Other
Road Surface Type None
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 28277

Price
AVG $6M
$6M
Visits
AVG 147
149
Year Built
AVG 2008
2008
Walkscore
AVG 58
58
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.