Active

2909 Burgess Drive

Charlotte, NC 28208
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Bed 24

Bed

Bath 12.5

Bath

SqFt11,064

Sqft

Acres0.76

Acre(Lot)

Stabilized 12-Unit Townhome Community with Immediate Value-Add Upside: Twelve-unit townhome community comprised entirely of 2-bedroom/1.5-bath units with 10 of 12 units fully renovated to a modern finish level. Two recently renovated vacant units represent immediate lease-up upside, while two below-market occupied units at $995 provide a clear runway to capture additional rent growth upon turn. The highest achieving in-place rent of $1,535 establishes a proven rent ceiling with a direct path to full stabilization. Access to Charlotte's Most Dynamic Destinations: 2 miles from Lower South End (LoSo), Charlotte's emerging hub of breweries, restaurants, retail, and light rail access, home to major employers including Lowe's Tech Hub, USAA, and LendingTree. 2.5 miles from South End, one of Charlotte's most nationally recognized and vibrant live-work-play corridors. 4 miles from Uptown Charlotte, the region's central business district and primary employment core. 4.5 miles from Charlotte Douglas International Airport, the seventh-busiest airport in the world, and a top-three driver of corporate relocation and expansion in the Charlotte region. Premium Interior Renovation Package: Renovated units feature granite countertops, LVP flooring, new carpet, new cabinets, new appliances, vanities, updated modern lighting and fixtures, and washer/dryer connections, a finish level that commands premium rents and supports durable tenant retention in the Charlotte workforce housing segment. Exterior Capital Investment: The property underwent a full exterior refresh in 2023, including a complete siding and trim replacement, which supports strong curb appeal and reduces near-term capital requirements for an incoming investor. Attractive All-Townhome Unit Mix: Exclusively 2-bedroom/1.5-bath two-story townhome floor plans offering renters added privacy, functional layouts, and a more residential living experience than traditional apartment product, a highly desirable configuration in the Charlotte rental market that supports strong leasing velocity and tenant retention.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,000,000

AD Id : 84908899

MLS Id : CAR4393768

Beds : 24

Lot Size : 0.76 Acre

Living Area Size : 11,064

Year Built : 1970

County : Mecklenburg

  • Map Map

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Feature Features

  • Bedroom Information

    Total Bedroom: 24

    Bathroom Information

    Full Baths: 12 Half Baths: 12

    Interior Features

    Appliances: Other Laundry Features: Electric Dryer Hookup, In Unit, Washer Hookup
  • Flooring Information

    Construction Materials: Vinyl
  • Heating & Cooling

    Heating: Baseboard Cooling: Window Unit(s) WaterSource: City

  • Building Information

    Year Built: 1970

  • Lot Information

    Lot Size Area: 0.76 acre

    Property Information

    Property Type: Residential Income Sub Type: Apartment

  • Listing Price Information

    Original List Price:$2000000

  • Tax Information

    Tax Assessed Value: 1157100 Parcel Number: 14523309

  • Parking Information

    Parking Lot

  • School Information

    Elementary School: Reid Park Junior High School: J.W. Wilson Senior High School: Harding University
  • Utility Information

    Sewer: Public Sewer Water Source: City
  • Location Information

    City: Charlotte
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ByOwner last updated this listing 06/20/2026 @ 18:20

MLS: CAROLINA #4393768 LISTED BY: Jeff Shugarts Jr, Andrew Reed Properties, LLC 704-576-4322 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)

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