2301 Julia AveCharlotte, NC 28206

Property Details for 2301 Julia Ave

Year built

1964

Property size (Sq ft)

16,200 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 21-unit apartment building, located at 2301 Julia Ave in Charlotte, NC, presents a compelling value-add investment opportunity. Built in 1964 and significantly renovated between 2021 and 2024, the property boasts 16,200 square feet across one building with one story. Currently operating at 90% occupancy, this turnkey asset generates immediate cash flow. Situated in Charlotte's rapidly developing North End, the property benefits from its proximity to key areas like Camp North End and NoDa, experiencing significant growth fueled by recent developments including a Novant Clinic and new townhomes. This prime location offers multiple exit strategies, from holding as a cash-flowing asset to potential reparcelling and individual unit sales. The substantial renovations completed minimize immediate capital expenditures for the new owner, allowing for a focus on revenue-generating improvements or a light capital spend depending on the investor's chosen exit strategy. This property offers investors a chance to capitalize on the high-growth potential of this desirable Charlotte submarket with considerable flexibility in their investment approach. The property is located in Mecklenburg County, zip code 28206.

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2666

Longitude

-80.8389

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