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9-Unit Condo Package, Sharon Lakes 1931 Mereview Ct 9 Unit Apartment Building $2,163,676 CAD ($240,408 CAD/Unit) 6.06% Cap Rate Charlotte, NC 28210
INVESTMENT HIGHLIGHTS
- Turnkey portfolio delivering immediate income
- HOA-managed exterior and water for reduced ownership burden
- Excellent connectivity to I-77, I-485, SouthPark, and Ballantyne
- Prime South Charlotte location with strong rental demand
- Diverse unit mix appealing to a broad tenant base
EXECUTIVE SUMMARY
This offering presents a rare opportunity to acquire a stabilized, income-producing portfolio of nine condominium units in the Sharon Lakes community of South Charlotte—one of the city’s most desirable and fastest-growing submarkets. The package includes six 2-bedroom/1.5-bath units, one 2-bedroom/2-bath unit, and two 3-bedroom/2.5-bath units, each well-maintained and averaging approximately 1,000 square feet. With all units currently leased, investors benefit from immediate cash flow and minimal management responsibilities thanks to an HOA that handles exterior maintenance and water service.
Strategically positioned near major thoroughfares such as I-77 and I-485, the property offers convenient access to Uptown Charlotte, SouthPark, and Ballantyne, placing residents within minutes of premier retail, dining, and employment hubs. The surrounding area boasts strong demographics, consistent rental demand, and proximity to lifestyle amenities including the Little Sugar Creek Greenway and Quail Hollow Club. This turnkey investment combines dependable income with long-term appreciation potential in a thriving corridor.
Strategically positioned near major thoroughfares such as I-77 and I-485, the property offers convenient access to Uptown Charlotte, SouthPark, and Ballantyne, placing residents within minutes of premier retail, dining, and employment hubs. The surrounding area boasts strong demographics, consistent rental demand, and proximity to lifestyle amenities including the Little Sugar Creek Greenway and Quail Hollow Club. This turnkey investment combines dependable income with long-term appreciation potential in a thriving corridor.
PROPERTY FACTS
| Price | $2,163,676 CAD | Building Class | C |
| Price Per Unit | $240,408 CAD | Lot Size | 42.09 AC |
| Sale Type | Investment | Building Size | 9,438 SF |
| Cap Rate | 6.06% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | NB-2 - Neighborhood | ||
| Price | $2,163,676 CAD |
| Price Per Unit | $240,408 CAD |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 42.09 AC |
| Building Size | 9,438 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.75/1,000 SF |
| Zoning | NB-2 - Neighborhood |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Family Room
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 6 | $2,007 CAD | 1,000 |
| 2+2 | 1 | $2,059 CAD | 946 |
| 3+2.5 | 2 | $2,313 CAD | 1,216 - 1,246 |
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9-Unit Condo Package, Sharon Lakes | 1931 Mereview Ct
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