This duplex is located in the Myers Park, which is hands down the hottest area of Charlotte NC. Current market value for this property is $600,000 – $625,000.
Unit 1: 4 bedroom/1.5 bathroom (1580 sq. Ft)
Unit 2: 3 bedroom/2 bathroom (1500 sq. Ft)
Rent this property for $3600/mo cash flow ($1800 per unit), or live in Myers Park for only $800 if you choose to live in one unit and rent the other unit (depending on how you finance).
Property value adds:
1. Myers Park offers the top school district in Charlotte, along with it’s close location to the downtown area, and abundant shopping & entertainment nearby.
2. Properties in this area are mostly single family homes, selling in the $600,000 – $1,000,000 range. There is unlimited appreciation potential.
3. This duplex has been totally renovated (roof, paint, floors, bathrooms, kitchen, etc.).
4. This duplex is right next to public transportation as well (bus stop).
5. This area of Charlotte will only attract professional, high quality tenants, and with the demand for this area will drastically lower your risk of vacancy.
Option 1: $515,000 cash purchase (plus closing costs…approx. $3K)
Option 2: Owner Financing
$250,000 down payment, $250,000 financed at 6% for 15 years (no balloon). Payments of $2,110 per month.
Please contact me for more information!