Description
Stabilized 12-Unit Townhome Community with Immediate Value-Add Upside: Twelve-unit townhome community comprised entirely of 2-bedroom/1.5-bath units with 10 of 12 units fully renovated to a modern finish level. Two recently renovated vacant units represent immediate lease-up upside, while two below-market occupied units at $995 provide a clear runway to capture additional rent growth upon turn. The highest achieving in-place rent of $1, 535 establishes a proven rent ceiling with a direct path to full stabilization. Access to Charlotte’s Most Dynamic Destinations: 2 miles from Lower South End (LoSo), Charlotte’s emerging hub of breweries, restaurants, retail, and light rail access, home to major employers including Lowe’s Tech Hub, USAA, and LendingTree. 2.5 miles from South End, one of Charlotte’s most nationally recognized and vibrant live-work-play corridors. 4 miles from Uptown Charlotte, the region’s central business district and primary employment core. 4.5 miles from Charlotte Douglas International Airport, the seventh-busiest airport in the world, and a top-three driver of corporate relocation and expansion in the Charlotte region. Premium Interior Renovation Package: Renovated units feature granite countertops, LVP flooring, new carpet, new cabinets, new appliances, vanities, updated modern lighting and fixtures, and washer/dryer connections, a finish level that commands premium rents and supports durable tenant retention in the Charlotte workforce housing segment. Exterior Capital Investment: The property underwent a full exterior refresh in 2023, including a complete siding and trim replacement, which supports strong curb appeal and reduces near-term capital requirements for an incoming investor. Attractive All-Townhome Unit Mix: Exclusively 2-bedroom/1.5-bath two-story townhome floor plans offering renters added privacy, functional layouts, and a more residential living experience than traditional apartment product, a highly desirable configuration in the Charlotte rental market that supports strong leasing velocity and tenant retention.
Address
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Address: 2909 Burgess Drive, Charlotte, North Carolina 28208
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City: Charlotte
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State/county: NC
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Zip/Postal Code: 28208
Details
Updated on June 16, 2026 at 2:59 pm-
Property ID 4393768
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Price $2,000,000
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Property Size 11064 m²
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Bedrooms 24
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Bathrooms 12
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Year Built 1970
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Property Type Apartment, Residential Income
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Property Status Active, For Sale
Additional details
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Sewer Public Sewer
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Cooling Window Unit(s)
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Heating Baseboard
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County Mecklenburg
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Property Type Residential Income
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Parking Parking Lot
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Elementary School Reid Park
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Middle School J.W. Wilson
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High School Harding University
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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