$5,995,000

9604 Longstone Lane

Charlotte NC, 28277

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 Charlottes 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 propertys 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.

Details

MLS#CAR3796048
Listing TypeFor Sale
StyleTown House
HOA Dues$2,600
Sub-TypeResale
StatusActive
Year2008
Days On Site54

Features

Bed(s)18
Bath(s) 32 Total
SQ Feet16,668
Jacqui Reichwein LogoMLS Number: CAR3796048
Listing Provided By:
Jacqui Reichwein  of  Better Homes and Gardens Real Estate Paracle
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Canopy Realtor® Association.
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Area Information
StateNC
CountyMecklenburg
CityCharlotte
Zip Code28277
Community NameCedar Walk
School DistrictArdrey Kell
Elementary SchoolElon Park
Middle SchoolCommunity House
High SchoolArdrey Kell
Listing VS Median (in Cedar Walk)
Price:
$5,995,000
low | high
Med:
$547,500
100% of Average
SqFt:
16,668
low | high
Med:
2,108
100% of Average
$ / SqFt:
$360
low | high
Med:
$260
77.788258083507% of Average
On Site:
54
low | high
Med:
-114
Sourced by Back At You
Listing Updated: November 17, 2021 3:50:39 PM PST