(Charlotte, NC) 🏡Your Search Ends Here: Perfectly Located Home with Room to Grow🌱

Description

🏡YOUR SEARCH ENDS HERE: PERFECTLY LOCATED HOME WITH ROOM TO GROW🌱

Nestled in the serene and prestigious Valley Ride neighborhood of Charlotte, NC, this charming 2007-built residence offers a blend of comfort, convenience, and potential, making it an ideal choice for a family to live in the vibrant Charlotte market. This property represents a unique opportunity to invest in a market with a strong track record of growth and demand. While it requires some updates and cosmetic touches, the potential for increased value through minimal improvements is significant. Ideal for both rental strategy or a flip after renovations, this home is poised to become a lucrative asset.

Property Overview:

Year Built: 2007
Size: 1,436 sqft
Lot Size: 0.14 Acres
Layout: 3 Bedrooms / 2.5 Bathrooms
Garage: 1-car garage

Property Details:

Construction:
Modern two-story structure
Durable vinyl siding
Interior:
Original interiors
Floors are covered with carpet
The kitchen and bathrooms feature vinyl flooring
Kitchen & Bath:
OG cabinets and laminate Formica countertops
Bathroom include a single vanity
The primary suite has a double vanity alongside a shower-tub combo
Utilities:
Equipped with a 2007 HVAC system
10-year-old HWH
Original electrical with breaker panel
HOA:
Annual fee of $220

Investment Highlights:

Location: Situated in a desirable, low-crime area of Charlotte, known for its homeowner-majority community and a favorable environment for hedge fund and rental investments.
Potential: With its solid foundation, this property offers immense potential for value-add through targeted renovations and modern updates.
Community: Valley Ride is renowned for its friendly neighbors and cohesive community atmosphere, further enhancing the living experience for future tenants or homeowners.
Market Appeal: Charlotte’s real estate market is known for its robust growth and demand, making this an opportune investment for those looking to expand their portfolio in a thriving region.

SOLD COMPS:

818 Lakehill Rd, Charlotte, NC 28214 – SOLD $385K

4 Bed / 2.5 Bath – 2,000 sqft (564 sqft Larger)

1204 Tortola Rd, Charlotte, NC 28214 – SOLD $325K

3 Bed / 2.5 Bath – 1,461 sqft (Similar in size)

7104 Bullock Dr, Charlotte, NC 28214 – SOLD $355K

3 Bed / 2.5 Bath – 1,668 sqft (232 sqft Larger)

CASH COMPS:

1005 Alston Hill Dr, Charlotte, NC 28214 – SOLD $255K

4 Bed / 2.5 Bath – 1,556 sqft (120 sqft Larger)

RENTAL COMPS:

513 Ellingsworth Ln, Charlotte, NC 28214 – RENT $1800/MO

911 Valley Ridge Rd, Charlotte, NC 28214 – RENT $1895/MO

1208 Settles Bridge Ct, Charlotte, NC 28214 – RENT $1730/MO