This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades.
Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units.
Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation.
Investment Highlights:
12-unit multifamily property
5 renovated units completed
Proven rent benchmark at $1,500/month
Significant remaining value-add potential
Located in a high-growth rental market
Opportunity to increase NOI through continued upgrades
This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.
Listing Courtesy of Coldwell Banker Realty / Nicholas Lancetti
$460,000 (USD)
Matthews Area Multi-Family Residence
Active
501 Friendship Drive Matthews, NC 28105
4 Bed
4 Baths
1753 sqft
MLS# 4357321
Turnkey investment opportunity in Union County! This 1,753 sqft duplex features two units, each with 2 bedrooms and 2 bathrooms, ideal for strong rental income or owner-occupant flexibility. Fully renovated with new roof, HVAC systems, plumbing, and electrical wiring throughout, minimizing future capital expenses. Interior upgrades include modern kitchens with new cabinets and stainless steel appliances, updated bathrooms, and new flooring throughout.
Property offers ample parking, shared driveway, oversized deck, and a large backyard for added tenant appeal. Separate entrances provide privacy and flexibility. Located near shopping, schools, and I-485 in a high-demand rental area. No HOA. Value-add opportunity with potential to reconfigure into four 1 bed / 1 bath units for increased rental income.
Listing Courtesy of Coldwell Banker Realty / Nicholas Lancetti
$150,000 (USD)
Heath Springs Area Land
Active
169 Rowland Avenue Heath Springs, SC 29058
Bed
0 Baths
sqft
MLS# 4350006
169 Rowland Avenue | Heath Springs, South Carolina Positioned along Rowland Avenue in the growing Lancaster County corridor, this ±5-acre commercially zoned tract presents a strategic development opportunity in a market experiencing steady residential expansion and increasing commercial demand. The property benefits from convenient access to Highway corridors connecting to Lancaster, Kershaw, and the greater Charlotte MSA. Its location supports neighborhood-serving retail, service-oriented businesses, and flexible commercial uses catering to the surrounding residential base. ZONING The site is commercially zoned (verify specific designation with Lancaster County), allowing for a range of potential uses including: Retail and service establishments Professional and medical office Restaurant or quick-service concepts Auto-related service (subject to approval) Church or institutional use Mixed-use or small neighborhood commercial development The commercial zoning significantly enhances flexibility and long-term land value.
BEST USE ANALYSIS Given its size, visibility, and commercial designation, the highest and best use is likely: 1. Neighborhood Retail / Service Center A small multi-tenant strip center serving local residential growth and daily traffic patterns. 2. Standalone Owner-User Development Ideal for medical office, professional office, daycare, church facility, or specialty service operator seeking land control and long-term appreciation. 3. Investment Hold with Future Development Given ongoing regional growth and migration from the Charlotte metro area, holding for phased development or resale at a higher density may provide strategic upside. INVESTMENT HIGHLIGHTS ±5 Acres Commercially Zoned Strong Development Flexibility Growing Residential Trade Area Accessible Lancaster County Location Owner-User or Investment Opportunity
Listing Courtesy of Coldwell Banker Realty / Nicholas Lancetti
Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units.
Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation.
Investment Highlights:
12-unit multifamily property
5 renovated units completed
Proven rent benchmark at $1,500/month
Significant remaining value-add potential
Located in a high-growth rental market
Opportunity to increase NOI through continued upgrades
This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.