2909 Burgess Drive
Charlotte, NC 28208
24 bd · 12 ba · 11,064 sqft · $181/sqft
Highlights
About This Home
Charlotte, NC 12-Unit Townhome Community with Immediate Value-Add Upside:
Twelve-unit townhome community comprised entirely of 2-bedroom/1.5-bath units with 10 of 12 units fully renovated to a modern finish level.
Two recently renovated vacant units represent immediate lease-up upside, while two below-market occupied units at $995 provide a clear runway to capture additional rent growth upon turn.
The highest achieving in-place rent of $1,535 establishes a proven rent ceiling with a direct path to full stabilization.
Premium Location: 2 miles from Lower South End (LoSo), Charlotte's emerging hub of breweries, restaurants, retail, and light rail access, home to major employers including Lowe's Tech Hub, USAA, and LendingTree. 2.5 miles from South End, one of Charlotte's most nationally recognized and vibrant live-work-play corridors. 4 miles from Uptown Charlotte, the region's central business district and primary employment core. 4.5 miles from Charlotte Douglas International Airport, the seventh-busiest airport in the world, and a top-three driver of corporate relocation and expansion in the Charlotte region.
Premium Interior Renovation Package: Renovated units feature granite countertops, LVP flooring, new carpet, new cabinets, new appliances, vanities, updated modern lighting and fixtures, and washer/dryer connections, a finish level that commands premium rents and supports durable tenant retention in the Charlotte workforce housing segment.
Exterior Capital Investment: Property received a full exterior refresh and, in 2023, a complete siding and trim replacement, supporting strong curb appeal and reduced near-term capital requirements for an incoming investor.
Attractive All-Townhome Unit Mix: Exclusively 2-bedroom/1.5-bath two-story townhome floor plans offering renters added privacy, functional layouts, and a more residential living experience than traditional apartment product, a highly desirable configuration in the Charlotte rental market that supports strong leasing velocity and tenant retention.
Property Details
Interior Details
- Heating
- Baseboard
- Electric
- Sqftmain
- 5532
- Roomcount
- 4
- Sqftlower
- 0
- Sqftthird
- 0
- Sqftupper
- 5532
- Bedroommain
- 0
- Entry Level
- 1
- Bedroomupper
- 24
- Fullbathmain
- 0
- Halfbathmain
- 12
- Fullbathupper
- 12
- Half Bathrooms
- 12
- Total Bathrooms
- 24
- Laundry Features
- Electric Dryer Hookup
- Gas Dryer Hookup
- Mainlevelgarageyn
- 0
- Sqftunheatedtotal
- 0
- Sqfttotalpropertyhla
- 11064
Square Footage And Levels
- Levels
- Two
- Above Grade Finished Area
- 11064
- Below Grade Finished Area
- 0
Parking And Garage
- Parking Features
- Assigned
Exterior Features
- Construction Materials
- Vinyl
Lot And Land
- Lot Size Units
- Acres
Basement And Foundation
- Basement
- Other
- Foundation Details
- Slab
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- Charlotte
Zoning And Restrictions
- Zoningspecification
- R4
Listed by Jeff Shugarts Jr (832-515-1289) · Andrew Reed Properties, LLC (704-576-4322)
Location
- Address
- 2909 Burgess Drive
- City
- Charlotte, NC 28208
- Community
- Reid Park
Schools
- Elementary
- Reid Park
- Middle
- J.W. Wilson
- High
- Harding University
School assignments may change. Contact the school district to confirm.
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