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427 B Arbor Drive

Waxhaw, NC 28173
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Bed 6

Bed

Bath 4.5

Bath

SqFt2,640

Sqft

Acres0.11

Acre(Lot)

An excellent downtown Waxhaw investment opportunity offering the combination of current rental income and immediate lease-up flexibility. Built in 2022, this duplex contains approximately 2,624 total square feet, with each residence offering three bedrooms, two-and-a-half baths and approximately 1,320 square feet. Both units feature open-concept main-level living, modern finishes, granite countertops, shaker-style cabinetry, durable laminate flooring on the main level, carpeted bedrooms upstairs, washer/dryer connections and driveway parking. The property is convenient to downtown Waxhaw shopping, dining and community amenities, with the Waxhaw Library located nearby. Unit C is currently leased at $1,750 per month. Unit D is vacant and is currently being marketed for lease at $1,800 per month, giving the next owner the flexibility to select the next tenant, establish the new lease terms or potentially occupy one side, subject to applicable lease and financing requirements. Based on the current $1,750 rent and the vacant unit’s $1,800 advertised rent, projected stabilized gross income is $3,550 per month, or $42,600 annually. At the $575,000 asking price, that represents an approximate 7.41% stabilized gross yield before operating expenses. Projected income is based on the vacant unit being leased at its current advertised rental rate and is not guaranteed. Gross yield is not a cap rate and does not deduct taxes, insurance, utilities, maintenance, vacancy, management or capital reserves. This property offers an appealing balance for an investor: income already in place from one unit, combined with immediate control over the second unit. Lease documentation, rental history and available financial information may be reviewed during due diligence. A companion fully occupied duplex containing two additional three-bedroom rental units is also being offered separately, creating the opportunity to acquire both buildings as a four-unit portfolio, subject to availability. See companion MLS 4415402. Buyer is always encouraged to verify all property information, square footage, leases, projected income and expenses. ****virtual staging used! There are mounted sconces represented in the primary bedroom that are not present! that is virtual staging only****

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Detail Ic Property Details

Property Type : Residential Income

Price : $575,000

AD Id : 89776906

MLS Id : CAR4415435

Beds : 6

Lot Size : 0.11 Acre

Living Area Size : 2,640

Year Built : 2021

County : Union

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Feature Features

  • Bedroom Information

    Total Bedroom: 6

    Bathroom Information

    Full Baths: 4 Half Baths: 2

    Interior Features

    Open Floorplan, Pantry Roof: Composition Appliances: Dishwasher, Electric Range, Microwave Laundry Features: In Unit, Inside, Laundry Closet, Main Level, Washer Hookup

    Roofing Information

    Composition
  • Flooring Information

    Flooring: Carpet, Laminate Construction Materials: Fiber Cement
  • Heating & Cooling

    Heating: Central, Electric, Heat Pump Cooling: Ceiling Fan(s), Central Air, Electric WaterSource: City

  • Building Information

    Year Built: 2021

  • Lot Information

    Lot Description: Sloped Lot Size Area: 0.114 acre

    Property Information

    Property Type: Residential Income Sub Type: Duplex Style: Arts and Crafts

  • Listing Price Information

    Original List Price:$575000

  • Tax Information

    Tax Assessed Value: 603700 Parcel Number: 05-115-055

  • Parking Information

    Open Parking Spaces: 4 Open Parking: There are 2 spaces per unit Driveway, Parking Space(s)

  • School Information

    Elementary School: Waxhaw Junior High School: Parkwood Senior High School: Parkwood
  • Utility Information

    Electricity Connected Sewer: Public Sewer Water Source: City
  • Location Information

    Subdivision: None City: Waxhaw
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Address Estimate Bed Bath Sq. Ft Lot Size
427 A Arbor Drive, Waxhaw, NC, 28173 $575,000 6 4.5 2,640 0.11 Acre
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ByOwner last updated this listing 09/07/2026 @ 18:20

MLS: CAROLINA #4415435 LISTED BY: Megan Banks, David Hoffman Realty Charlotte 704-237-0485 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)

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