1234 Saratoga Dr Charlotte, NC 28208

This exceptional 20-unit apartment building, situated on 1.68 acres in Charlotte, NC, presents a compelling investment opportunity. Built in 1989, the property boasts 14,500 square feet and offers a desirable mix of fifteen 2-bedroom/1-bathroom and five 3-bedroom/1-bathroom units. Currently generating a strong NOI of $143,923 and a 6.40% cap rate, the asking price is $2,250,000. Located at 1234 Saratoga Dr, 28208, this property enjoys a prime location, less than 5 miles from Uptown Charlotte and Charlotte Douglas Airport, with easy access to I-85. The property's proximity to major employment centers, retail, restaurants, and entertainment enhances its appeal to residents. Below-market rents offer significant potential for value-add through renovations and organic rent growth, promising substantial returns for the astute investor. The property's current average rent per unit is $1,022. This is a rare opportunity to acquire a well-positioned multifamily asset in a rapidly growing area of West Charlotte.