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600 South Main Townhomes 600-650 S Main St 30 Unit Apartment Building $7,614,750 CAD ($253,825 CAD/Unit) Mooresville, NC 28115
INVESTMENT HIGHLIGHTS
- Prime Mooresville Location: Situated near Lake Norman and downtown Mooresville, offering walkability and proximity to major lifestyle amenities.
- Townhome-Style Living: Each unit provides private entrances and spacious layouts, creating a desirable alternative to traditional apartments.
- Established Community: Built in 2001, the property offers durable construction and functional layouts attractive to long-term tenants.
- Charlotte MSA Growth: Positioned in one of the fastest-growing metros in the Southeast, driving strong renter demand and rent appreciation.
- Stable Occupancy Trends: Consistently strong leasing performance highlights the property’s appeal and dependable cash flow.
- Strong Regional Connectivity: Immediate access to I-77 connects residents to Charlotte, employment centers, and regional retail corridors.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 600 South Main Townhomes, a 30-unit multifamily community located in Mooresville, North Carolina. Built in 2001, the property combines modern functionality with stable occupancy trends in one of the fastest-growing submarkets of the Charlotte MSA. Mooresville, known as "Race City USA," continues to benefit from expanding employment drivers, proximity to Lake Norman, and strong population growth, creating long-term rental demand and upward pressure on rents.
600 South Main Townhomes offers investors a rare opportunity to acquire a well-maintained asset with proven operational history and embedded potential for rent growth through light value-add initiatives. The property’s central location within Mooresville provides residents with walkable access to retail, dining, and community amenities, while its quick connectivity to Interstate 77 ensures strong regional access to Charlotte and surrounding employment hubs.
600 South Main Townhomes offers investors a rare opportunity to acquire a well-maintained asset with proven operational history and embedded potential for rent growth through light value-add initiatives. The property’s central location within Mooresville provides residents with walkable access to retail, dining, and community amenities, while its quick connectivity to Interstate 77 ensures strong regional access to Charlotte and surrounding employment hubs.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $7,614,750 CAD | Building Class | C |
| Price Per Unit | $253,825 CAD | Lot Size | 2.15 AC |
| Sale Type | Investment | Building Size | 33,750 SF |
| No. Units | 30 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2001 |
| Apartment Style | Townhome | Parking Ratio | 1.84/1,000 SF |
| Zoning | DE - Downtown Extension The Downtown Extension zoning district in Mooresville, North Carolina is a transitional district around downtown. | ||
| Price | $7,614,750 CAD |
| Price Per Unit | $253,825 CAD |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.15 AC |
| Building Size | 33,750 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2001 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | DE - Downtown Extension The Downtown Extension zoning district in Mooresville, North Carolina is a transitional district around downtown. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Handrails
- Lawn
SITE AMENITIES
- Fenced Lot
- Video Patrol
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 30 | - | 1,100 |
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PROPERTY TAXES
| Parcel Number | 4656-78-9608.000 | Improvements Assessment | $5,089,256 CAD |
| Land Assessment | $212,222 CAD | Total Assessment | $5,301,478 CAD |
PROPERTY TAXES
Parcel Number
4656-78-9608.000
Land Assessment
$212,222 CAD
Improvements Assessment
$5,089,256 CAD
Total Assessment
$5,301,478 CAD
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600 South Main Townhomes | 600-650 S Main St
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