Multifamily For Sale

$5,995,000

HOA
$3,792/mo.

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9604 Longstone Lane
Charlotte, NC 28277

  • 18 beds
  • 32 baths
  • 16,668 sqft
  • $359 per sqft
  • 2008 build
  • on site

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.

CMLS logo Listing courtesy of CMLS / Better Homes and Gardens Real Estate Paracle

Last checked: Checking… • Last updated Oct 14, 2021 •

MLS# 3796048 —

Amenities & Taxes

The Building

Year Built:
2008
New Construction:
false
Construction Status:
Complete
Construction Type:
Site Built
Construction Materials:
Brick Partial
Architectural Style:
Other
Sub Type:
Multi-Family
Building Area Total:
16668
Foundation Details:
Slab
Number Of Units Total:
8
Unit Count:
8

Interior

Living Area:
16668

Location

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, At the second traffic circle, continue straight to stay on Community House Rd, Turn right onto Providence Rd W, Turn left onto Old Ardrey Kell Rd, Turn right onto Marvin Rd, Turn Left onto Longstone Lane, follow around to Longstone and Cedar Walk.
Latitude:
35.026272
Longitude:
-80.840547

The Property

Type:
Residential Income
Structure Type:
Other
Zoning:
NS
Zoning Description:
NS
Additional Parcels Description:
223-082-29, 223-082-28, 223-082-27, 223-082-32, 223-082-34, 223-082-35, 223-082-37
Road Surface Type:
None
Road Responsibility:
Other

Listing Agent

Contact info:

Taxes

Parcel Number:
223-082-30
Tax Assessed Value:
2458900

Beds

Bedrooms Total:
18

Baths

Bathrooms Full:
16
Bathrooms Half:
16

The Listing

Special Listing Conditions:
None

Heating & Cooling

Heating:
Central

Utilities

Sewer:
Public Sewer
Water Source:
Public
Water Heater:
Electric

Appliances

Appliances:
Electric Cooktop,Dishwasher
Laundry Features:
Main Level,Upper Level

Schools

Elementary School:
Elon Park
Middle School:
Community House
High School:
Ardrey Kell

The Community

Subdivision Name:
Cedar Walk
Pets Allowed:
Yes
Association Name:
Hawthorne Management
Association Fee:
$3,792
Association Fee Paid:
Monthly
HOA Subject To:
Required

Parking

Parking Features:
On Street
Main Level Garage:
No

Extra Units

Unit Sq Ft Total:
1967
Unit 1 Beds Total:
3
Unit 1 Baths Full:
2
Unit 1 Baths Half:
2
Unit 1 Sq Ft Total:
2490
Unit 2 Beds Total:
2
Unit 2 Baths Full:
2
Unit 2 Baths Half:
2
Unit 2 Sq Ft Total:
1967
Unit 3 Beds Total:
2
Unit 3 Baths Full:
2
Unit 3 Baths Half:
2
Unit 3 Sq Ft Total:
1967
Unit 4 Beds Total:
2
Unit 4 Baths Full:
2
Unit 4 Baths Half:
2
Unit 4 Sq Ft Total:
1967
Unit 5 Beds Total:
2
Unit 5 Baths Full:
2
Unit 5 Baths Half:
2
Unit 6 Beds Total:
3
Unit 6 Baths Full:
2
Unit 6 Baths Half:
2
Unit 6 Sq Ft Total:
2376
Unit 7 Beds Total:
2
Unit 7 Baths Full:
2
Unit 7 Baths Half:
2
Unit 7 Sq Ft Total:
1967
Unit 8 Beds Total:
2
Unit 8 Baths Full:
2
Unit 8 Baths Half:
2
Unit 8 Sq Ft Total:
1967

Schools

Rating Details

Elon Park Elementary School

  • Public
  • K-5
  • 0.3 mi

Ardrey Kell High School

  • Public
  • 9-12
  • 0.8 mi

Community House Middle School

  • Public
  • 6-8
  • 1.2 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.

Get an instant insurance quote

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Sale history

Date Event Source Price % Change
10/13/21
Listed / Active CMLS $5,995,000

Finding records…

No additional history available

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