421 Honeywood Ave 12 Unité Immeuble d’appartements 2 433 515 $ CAD (202 793 $ CAD/Unité) Charlotte, NC 28216

This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades.
Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units.
Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation.
Investment Highlights:
12-unit multifamily property
5 renovated units completed
Proven rent benchmark at $1,500/month
Significant remaining value-add potential
Located in a high-growth rental market
Opportunity to increase NOI through continued upgrades
This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.