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929 Mcarthur Avenue, Charlotte, NC 28206

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For Sale

$305,000

6 beds • 2 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

Located just one mile from the highly sought-after and rapidly growing Camp North End development, this duplex is an excellent opportunity for both new and seasoned investors seeking immediate cash flow with room for growth. Each side of the duplex features 3 bedrooms and 1 bathroom, offering functional layouts that are consistently in demand with tenants. Both units are currently on month-to-month leases, providing steady occupancy while also giving a new owner flexibility to adjust terms or rental rates. Together, the property produces a gross monthly rent of $2,300, resulting in a current Cap Rate of 6.44%. Importantly, there is significant upside potential. Comparable units in the surrounding area are renting for $1,500+ per unit, meaning this property has the ability to generate substantially higher income with targeted updates or simple rental adjustments. This creates a strong path to boosting cash flow and overall return on investment. Beyond the numbers, the location cannot be overlooked. Camp North End has become one of Charlotte's most dynamic hubs for arts, dining, entertainment, and business growth, and the surrounding neighborhoods are experiencing rapid revitalization. Demand for quality rental housing in this corridor continues to rise, and properties in close proximity to the development are well-positioned for long-term appreciation. Whether you are looking to start building your investment portfolio or expand an existing one, this duplex offers the perfect combination of immediate rental income, flexible leasing, and future upside. With Charlotte's rental market strengthening year after year, this property provides a rare opportunity to secure a strong income-producing asset in one of the city's fastest-growing areas. Don't miss out on this chance to add a high-potential property to your portfolio in a location poised for continued growth.
MLS# 4306482

Courtesy Of Henderson Properties

(704) 544-0253

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    0.17 Acres

Map and Directions

Directions to 929 Mcarthur Avenue, Charlotte, NC 28206

Home seller CENTURY 21 Providence

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Providence

(704) 847-2144
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.