Description
INVESTOR OPPORTUNITY WITH MAJOR UPSIDE!
This expansive 2,800 sq ft ranch offers incredible potential for the savvy investor, builder, or renovator. Featuring 3 bedrooms, 2 bathrooms, and a spacious bonus/entertainment room, the layout provides a strong foundation for a high-value transformation.
The property includes an attached 1-car garage plus a large, detached shop with driveway—perfect for car enthusiasts, woodworkers, or those operating a home-based business.
Ideally located directly across from Paw Creek Elementary, and just minutes to I-485, Charlotte Douglas International Airport, and Uptown Charlotte, this property offers both convenience and long-term value. Optional access to the Coulwood community pool adds additional appeal.
Zoned N1-A (buyer to verify with the City of Charlotte), this parcel presents excellent redevelopment potential, with the possibility for multiple homes, duplexes, or triplexes.
Important Notes: Property does have significant termite damage affecting the front two bedrooms and living room (including floor joists, subflooring, and portions of the sill plate). Estimated repair cost is approximately $35,000 – $40k)
Sold AS-IS, with pricing reflective of condition. ARV could be over $600k. CASH, FHA 203k Renovation Loan, or Hard Money Lender
Address
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Address: 1319 Cathey Road
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City: Charlotte
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State/county: NC
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Zip/Postal Code: 28214
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Area: Coulwood
Details
Updated on April 14, 2026 at 12:58 pm-
Property ID 4366814
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Price $425,000
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Bedrooms 3
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Bathrooms 2
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Garages 4
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Garage Size x x
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Year Built 1958
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Property Type Single Family Residence, Residential
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,FHA 203(K)
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Roof Architectural Shingle
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Utilities Cable Available,Natural Gas
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Sewer Public Sewer
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Cooling Central Air,Ductless
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Heating Central,Ductless
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Flooring Tile,Wood
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County Mecklenburg
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Property Type Residential
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Parking Attached Garage,Garage Shop
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Elementary School Unspecified
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Middle School Unspecified
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High School Unspecified
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Community Features Outdoor Pool
Features
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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