421 Honeywood AVE, Charlotte, NC 28216
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421 Honeywood AVE, Charlotte, NC 28216
421 Honeywood AVE, Charlotte, NC 28216
421 Honeywood AVE, Charlotte, NC 28216
421 Honeywood AVE, Charlotte, NC 28216
Pete Anderson
Pete Anderson

Managing Broker | Real Estate Advisor License ID: 302757

+1(828) 747-9916

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$ 1,500,000

$ 1,750,000 14.3%

Est. payment /mo
Sold on 09/09/2026

421 Honeywood AVE Charlotte, NC 28216

24 Beds

12 Baths

10,682 SqFt

UPDATED:

Key Details

Sold Price $1,500,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 10,682 sqft

Price per Sqft $140

MLS Listing ID 4361372

Sold Date 09/09/26

Bedrooms 24

Full Baths 12

Abv Grd Liv Area 10,682

Year Built 1969

Lot Size 0.940 Acres

Acres 0.94

Property Sub-Type Apartment

Property Description

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.

Location

State NC

County Mecklenburg

Zoning N2-B

Interior

Heating Baseboard, Ductless

Cooling Ductless, Window Unit(s)

Flooring Vinyl, Wood

Appliance Bar Fridge, Dishwasher, Dryer, Microwave, Refrigerator, Washer

Laundry In Kitchen

Exterior

Fence Back Yard, Privacy, Wood

Utilities Available Electricity Connected

Roof Type Architectural Shingle

Street Surface Asphalt,Paved

Garage false

Building

Foundation Slab

Sewer Public Sewer

Water City

Structure Type Brick Partial,Vinyl

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Pets Allowed Yes

Senior Community false

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition None

© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Nick Lancetti • Coldwell Banker Realty • [email protected]
Bought with Non Member • Canopy Administration

NEARBY SCHOOLS & PROPERTIES

Pete Anderson

Pete Anderson

Managing Broker | Real Estate Advisor License ID: 302757

+1(828) 747-9916

GET MORE INFORMATION

Name
Phone*
Message

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421 Honeywood AVE