9337 Reames RdCharlotte, NC 28216

Property Details for 9337 Reames Rd

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of 29 townhomes situated on a sizable 5-acre lot in desirable Charlotte, North Carolina. Conveniently located near Northlake Mall, this property offers significant potential for immediate returns and long-term growth. The site is currently zoned for multifamily development and boasts fully approved civil plans, making it ready for immediate grading and construction. This turnkey project allows for a seamless transition to a builder, with the option of handing over a fully pad-ready site or selling the property "as is." The existing infrastructure and approved plans significantly reduce development timelines and associated costs, presenting a compelling advantage for investors seeking a streamlined path to profitability. The property's prime location near Northlake Mall ensures high occupancy rates and strong rental demand. This is a rare opportunity to acquire a substantial multifamily portfolio in a thriving Charlotte market, offering a compelling combination of immediate income potential and future development upside. The property is located at 9337 Reames Rd, Charlotte, NC 28216, in Mecklenburg County. The asking price for this exceptional investment is $1,750,000.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.3424

Longitude

-80.8595

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