1909 Pegram ST Charlotte, NC 28205
14 Beds
9 Baths
5,752 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 5,752 sqft
Price per Sqft $330
Subdivision Villa Heights
MLS Listing ID 4317137
Bedrooms 14
Full Baths 7
Half Baths 4
Construction Status Completed
Abv Grd Liv Area 5,752
Year Built 1968
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Triplex
Property Description
Both buildings underwent a complete renovation in 2020, transforming them into modern, turnkey residences. Each unit is thoughtfully outfitted with a full appliance package, including stackable washer/dryer units, ensuring convenience and comfort for tenants. The interiors are fully furnished, reflecting the properties' history as corporate short-term rentals for the past five years. This setup allows a new owner to seamlessly continue short-term operations or pivot to long-term leasing strategies.
The exterior spaces are equally appealing, featuring green space shaded by mature trees and a fenced-in dog/play park, enhancing the livability and charm of the community. With all units scheduled to be vacant by the end of October 2025, the portfolio offers a clean slate for investors to place vetted tenants on their own terms, maximizing rental income and operational control.
The attached income evaluation of this portfolio is based on a Pro Forma financial model for long-term rentals, which outlines the income potential and projected returns. Given the properties' proximity to downtown Charlotte, and the ever-growing popularity of NODA, there is significant upside potential. Whether continuing with furnished short-term rentals or transitioning to long-term leases, this seven-plex portfolio is a strategic acquisition for investors seeking growth, flexibility, and location-driven value.
Location
State NC
County Mecklenburg
Zoning N1-C
Interior
Interior Features Cable Prewire
Heating Heat Pump
Cooling Ceiling Fan(s), Central Air
Flooring Vinyl, Wood
Fireplace false
Appliance Dishwasher, Disposal, Electric Range, Electric Water Heater, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, Microwave, Oven, Refrigerator, Washer
Laundry Utility Room
Exterior
Fence Fenced
Utilities Available Cable Available
Roof Type Architectural Shingle
Street Surface Concrete,Paved
Garage false
Building
Lot Description Infill Lot
Dwelling Type Site Built
Foundation Crawl Space, Slab
Sewer Public Sewer
Water City
Structure Type Brick Full,Wood
New Construction false
Construction Status Completed
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Senior Community false
Restrictions Short Term Rental Allowed
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
This is the second house that we've purchased using Franklin's services. We've enjoyed working with him both times. He truly tries to help you find exactly what you are looking for. Franklin is very dedicated to his customer's needs, attentive to details, extremely knowledgeable and has great work ethics. And overall Franklin is a good guy. If you need to buy or sell property with minimal stress, I strongly recommend you call Franklin. "-
Iryna T.