46
  • Property Type
  • Single Family Residence, Residential
  • 4
  • Bedrooms
  • 2
  • Bathrooms
  • 1958
  • Year Built

501 Kenlough Drive, Charlotte, North Carolina 28209

  • $450,000
  • $490,000

Description

Rare corner lot opportunity in the highly sought-after and rapidly growing Collingwood/Madison Park area! Surrounded by stunning renovated homes and luxury new construction, this property offers incredible potential for investors (to flip and/or rent), builders, or buyers looking for their new home! One of the larger original homes in the neighborhood, it features a great floor plan, mid-century charm, and tons of renovation potential! N1-B zoning may also offer exciting redevelopment opportunities, including a potential luxury single family or duplex! Situated on a beautiful corner lot with a private backyard and peaceful pond and creek views. Just minutes from Uptown, South End, LoSo, and Park Road Shopping Center! No HOA and an unbeatable location! **PLEASE NOTE:** We understand there have been concerns regarding the sloping and uneven basement floors. The sellers had IDE Engineering evaluate the property, and their report and recommended repairs are available in the MLS attachments. Based on the engineer’s findings, the recommended work is primarily cosmetic rather than a major structural concern. A quote for the recommended self-leveling repairs is also attached. **With an acceptable offer, the seller is willing to complete the repairs, provide a full credit, or negotiate a price reduction to account for the work.** A great opportunity with multiple options for buyers! Based on comparable sales, investing around **$50, 000-$100, 000** into the home improvements could create significant instant equity. Once renovated, the home has the potential to be worth **close to $700, 000 or MORE**, making it an excellent opportunity for someone looking to build equity or potentially renovate and resell. Given the home’s size and the comparable sales in the area, this is a fantastic investment opportunity!

  • Address: 501 Kenlough Drive, Charlotte, North Carolina 28209
  • City: Charlotte
  • State/county: NC
  • Zip/Postal Code: 28209
  • Area: Selwyn Park

Details

Updated on October 29, 2026 at 3:59 pm
  • Property ID 4382282
  • Price $450,000
  • Bedrooms 4
  • Bathrooms 2
  • Year Built 1958
  • Property Type Single Family Residence, Residential
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash, Conventional, FHA, VA Loan
  • Roof Architectural Shingle
  • Utilities Cable Available, Cable Connected, Natural Gas
  • Sewer Public Sewer
  • Cooling Ceiling Fan(s), Central Air
  • Heating Central
  • Flooring Tile, Wood
  • County Mecklenburg
  • Property Type Residential
  • Parking Driveway
  • Elementary School Pinewood Mecklenburg
  • Middle School Alexander Graham
  • High School Myers Park

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Contact Information

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The Simpson Group Realty
  • The Simpson Group Realty

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