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2439 Carmine St 10 Unit Mobile Home Park $1,724,875 CAD ($172,487 CAD/Unit) Charlotte, NC 28206

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Executive Summary

This 10-unit multifamily asset offers an attractive lease-up and stabilization opportunity in North Charlotte’s active growth corridor. The property is currently ~30% occupied, with the majority of units renovated and vacant units rent-ready, allowing for immediate income growth with minimal remaining CapEx. All units are 2BR/1BA with an average size of ~726 SF, supporting strong in-place rent rates and market rent levels. Located minutes from Camp North End and less than 10 minutes from Uptown Charlotte, the asset benefits from durable rental demand driven by nearby development and limited workforce housing supply.

Final_2439Carmine

Property Facts

Price	$1,724,875 CAD	Lot Size	1.03 AC
Price Per Unit	$172,487 CAD	Building Size	7,020 SF
Sale Type	Investment	Average Occupancy	30%
No. Units	10	No. Stories	1
Property Type	Multifamily	Year Built	1963
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C
Zoning	R22MF

Price	$1,724,875 CAD
Price Per Unit	$172,487 CAD
Sale Type	Investment
No. Units	10
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments
Building Class	C
Lot Size	1.03 AC
Building Size	7,020 SF
Average Occupancy	30%
No. Stories	1
Year Built	1963
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R22MF