2909 Burgess DR Charlotte, NC 28208
24 Beds
24 Baths
11,064 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 11,064 sqft
Price per Sqft $180
Subdivision Reid Park
MLS Listing ID 4361886
Bedrooms 24
Full Baths 12
Half Baths 12
Abv Grd Liv Area 11,064
Year Built 1970
Lot Size 0.760 Acres
Acres 0.76
Property Sub-Type Townhouse
Property Description
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.
Premium Location:
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:
Property received a full exterior refresh and, in 2023, a complete siding and trim replacement, supporting strong curb appeal and reduced 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.
Location
State NC
County Mecklenburg
Zoning R4
Rooms
Basement Other
Primary Bedroom Level Upper
Upper Level Primary Bedroom
Upper Level Bedroom(s)
Upper Level Bathroom-Full
Main Level Bathroom-Half
Interior
Heating Baseboard, Electric
Cooling Electric, Window Unit(s)
Fireplace false
Appliance Other
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Street Surface Asphalt,Concrete,Paved
Garage false
Building
Dwelling Type Site Built
Foundation Slab
Sewer Public Sewer
Water City
Level or Stories Two
Structure Type Vinyl
New Construction false
Schools
Elementary Schools Reid Park
Middle Schools J.W. Wilson
High Schools Harding University
Others
Pets Allowed Yes
Senior Community false
Special Listing Condition None
Nearby Locations
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