Located in the heart of Charlotte's desirable Cotswold neighborhood, this 18-unit multifamily property offers a rare mix of immediate stability and long-term upside. Spread across four buildings on two distinct parcels (4102 Craig Ave and 1401 Falcon St), the portfolio consists entirely of easily leasable 1BR/1BA floor plans. Recent interior renovations, including modernized kitchens and baths, limit upfront capital expenditures. Investors can capitalize on historically strong tenant demand in the 28211 zip code while systematically capturing market-rate premiums to drive revenue growth. Buildings are at full occupancy except for one unit held open for showings. Ask about our other properteries -- this seller has 124 units for sale at 5 different complexes, all 1, 2, and 3 bedroom.
Property Details
- Cooling
- Electric
- Heating
- Electric, Natural Gas, Separate Meters
- Cooling Features
- Electric
- Bedrooms
- 18
- Bathrooms
- 18.0
- Full Baths
- 18
- Lot Features
- Corner Lot, Paved
- Lot Description
- Corner Lot, Paved
- Acres
- 0.0
- Square Feet
- 11268.0
- Lot Size (sqft)
- 0.88
- Parking Features
- Parking Lot
- Parking Garage Spaces
- 0.0
- Property Type
- Multi-Family
- Year Built
- 1961
- Foundation
- Crawl Space
- Roof
- Architectural Shingle
- Sewer Information
- Public Sewer
- Utility Source
- City
- Utility Features
- Cable Connected, Electricity Connected, Natural Gas, Phone Connected, Underground Utilities, Wired Internet Available
- Appliances
- Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Oven, Refrigerator
- Community Features
- Sidewalks, Street Lights
- Elementary School
- Billingsville Cotswold
- Middle School
- Alexander Graham
- High School
- Myers Park
- County
- Mecklenburg
- Region
- Charlotte
- Original List Price
- $2,900,000
- Days on Market (Cumulative)
- 43
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-07-25T14:41:06Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Provided By
Listed by John Cockman (#CARR59936)
Listing Office: BnBCabins Inc (#CARR08223)
