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1519 Montgomery Street

Charlotte, NC 28216

16 beds
– baths
5,400 sqft
13,504 sqft lot
$115 per sqft
1952 build
– on site

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Amazing Opportunity at a very rare Eight-Plex on the precipice of greatness. Great chance to properly utilize and manage this property for proven $900/mo rent (UNIT A in 1519) for a 12+% gross Cap potential on list price. ALL but one UNIT OCCUPIED, full lease up is on the way - Several tenants are MTM, others have leases expiring this year, with the right management strategy, This property is a huge Cash cow with potential of $86,400 Annual rents just by meeting the current market!

Listing courtesy of CMLS / Austin Banks Real Estate Company LLC

Last checked: Checking… • Last updated Jul 6, 2023 •

MLS# 3283899 —

The Building

Year Built:

1952
New Construction:

false
Construction Type:

Site Built
Subtype:

Eightplex+
Construction Materials:

Brick Veneer
Architectural Style:

Garden
Doors & Windows:

Insulated Windows
Foundation Details:

Crawl Space
# of Units Total:

8
Unit Count:

8
Building Area Total:

5400

Interior

Flooring:

Laminate,Tile
Living Area:

5400
Fireplace:

false

Location

Latitude:

35.238465
Longitude:

-80.858179

The Property

Type:

Residential Income
Lot Features:

Corner Lot
Lot Size Dimensions:

irregular
Lot Size Area:

0.31
Zoning:

Multi Family Dwelling
Zoning Description:

B1
Road Surface Type:

Gravel
Publically Maintained Road:

1

Listing Agent

Contact info:

Taxes

Parcel Number:

078-182-11

Beds

Bedrooms Total:

16

Baths

Full Baths:

8

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central

Utilities

Sewer:

Public Sewer
Water Source:

Public
Water Heater:

Other

Appliances

Appliances:

Electric Range,Range Hood
Laundry Features:

None

Schools

Elementary School:

Unspecified
Middle School:

Unspecified
High School:

Unspecified

The Community

Subdivision Name:

Western Heights
Proposed Special Assessment:

No
HOA Subject To:

None

Parking

Parking Features:

Driveway,Parking Space - 4+

Extra Units

Unit SqFt Total:

675
Unit 1 Beds Total:

2
Unit 1 Full Baths:

1
Unit 1 SqFt Total:

675
Unit 2 Beds Total:

2
Unit 2 Full Baths:

1
Unit 2 SqFt Total:

675
Unit 3 Beds Total:

2
Unit 3 Full Baths:

1
Unit 3 SqFt Total:

675
Unit 4 Beds Total:

2
Unit 4 Full Baths:

1
Unit 4 SqFt Total:

675
Unit 5 Beds Total:

2
Unit 5 Full Baths:

1
Unit 6 Beds Total:

2
Unit 6 Full Baths:

1
Unit 6 SqFt Total:

675
Unit 7 Beds Total:

2
Unit 7 Full Baths:

1
Unit 7 SqFt Total:

675
Unit 8 Beds Total:

2
Unit 8 Full Baths:

1
Unit 8 SqFt Total:

675

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Sale history

Date	Event	Source	Price
11/17/17 Nov 17, 2017	Sold	CMLS	$625,000
8/9/17 Aug 9, 2017	Pending	CMLS
7/31/17 Jul 31, 2017	Relisted	CMLS

Multifamily Sold on 11/17/2017

$625,000

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Based on information submitted to the MLS GRID as of 5/5/2024 2:36 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.

1519 Montgomery Street

Charlotte, NC 28216