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Closed

1704 1732 Newland Road

Charlotte, NC 28216

Closed Aug 12, 2024 Listing ID CAR217621722

$1,187,500

16 bd · 8 ba · 5,568 sqft · $213/sqft

16 Beds
8 Baths
5,568 Sq Ft
$213/Sq Ft
1962 Built
EightplexLincoln HeightsAug 12, 2024

Highlights

1962 build16 bedroomsEightplexLincoln Heights

About This Home

8 identical income producing side-by-side single family units (sold as an 8-plex) on a corner lot with over an acre in the well known up and coming Lincoln Heights community! 5 minutes from uptown Charlotte, close to major attractions like Bank of America Stadium, Spectrum Center, and Truist Baseball Field. Also conveniently close to Plaza Midwood, Noda, Optimist Hall..

All roofs replaced in 2012, all new low-e windows (with exception of unit 1732) were replaced around 2018. Unit 1732 has a new HVAC installed in 2021, unit 1728 - new HVAC installed 5-6 years ago. Same tenants in all units for over 5 years, all on a month-to-month for a long time.

Tenants currently pay utility bills and lawn services. Great buy and hold opportunity. The front of all units has newer paint to give a nice matching pattern.

City of Charlotte charges $46 (total for all 8 units) for stormwater services. This 8-plex is also sold under RESIDENTIAL on the MLS# 4159829.

Property Details

Interior Details

Heating
  • Central
  • Forced Air
  • Natural Gas
Flooring
  • Carpet
  • Tile
Roomother
  • Primary Bedroom
  • Bedroom(s)
  • Bathroom(s)
  • Kitchen
  • Great Room
Exclusions
N/ A
Half Bathrooms
0
Window Features
  • Insulated Window(s)
Laundry Features
  • Laundry Room
Mainlevelgarageyn
0

Square Footage And Levels

Above Grade Finished Area
5568
Below Grade Finished Area
0

Parking And Garage

Open Parking
true
Parking Features
  • Assigned
  • Driveway
Open Parking Spaces
2
Total Parking Spaces
2

Exterior Features

Construction Materials
  • Brick Full
  • Vinyl
Patio And Porch Features
  • Covered

Lot And Land

Lot Features
  • Corner Lot
  • Level
Lot Size Units
Acres

Basement And Foundation

Foundation Details
  • Crawl Space

Waterfront And View

Waterfront Features
  • None

Utilities

Sewer
  • Public Sewer
Water Source
  • City

Financial Information

Citytaxespaidto
Charlotte

Zoning And Restrictions

Zoningspecification
R5

Multi Unit Details

Total Number Of Units
8

Listed by Sami Bianouni (704-519-8745) · Ethics Realty Inc (704-519-8745)

Location

Address
1704 1732 Newland Road
City
Charlotte, NC 28216
Get directions →

Schools

Elementary
Unspecified
Middle
Unspecified
High
Unspecified

School assignments may change. Contact the school district to confirm.

Canopy MLS

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