320 Harrison Street, Charlotte, NC 28208

$399,000
4
BD
1,799
SqFt

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Listing courtesy of 1221 Real Estate LLC. remattnc@gmail.com

List Price
$399,000
MLS#
4429100
Status
COMING SOON
Days on Market
0
Property Type
Residential Income
Architectural Style
Traditional
Year Built
1955
Bedrooms
4
Full Baths
2
Lot Size
7,405
Lot Size Area
0.17
Living Area
1,799
Sq Ft Total
1799
County
Mecklenburg
Subdivision
Lakeview
Special Conditions
None

Property Description

INVESTOR OPPORTUNITY! 320 & 322 Harrison St. is a 2-UNIT INCOME-PRODUCING DUPLEX positioned in an area benefiting from Charlotte’s continued urban expansion and redevelopment. Each unit offers approximately 900 SF with 2 BEDS + 1 BATH, for a combined 1,800 SF / 4 BEDROOM / 2 BATH configuration. Current combined rental income was apx. $2,600/MONTH ($31,200/YEAR GROSS), giving an investor immediate income while retaining the potential to increase value through future rent growth, improvements, or redevelopment. Each unit has convenient independent street access, with frontage/access from Harrison St. in front and Ramona St. in the rear, adding functionality and flexibility that is increasingly attractive in an evolving urban market. The bigger investment story is the LOCATION + LAND + INCOME combination. Positioned near the expanding influence of Center City Charlotte, this property offers investors the opportunity to own an income-producing asset in an area where surrounding neighborhoods are experiencing ongoing reinvestment, redevelopment, and changing demand. As Charlotte continues to grow outward from the urban core, properties in established neighborhoods within the path of that growth can offer potential long-term upside beyond their current rental performance. HOLD IT. IMPROVE IT. REPOSITION IT. The existing duplex provides two revenue streams today, while the underlying real estate offers additional possibilities as the surrounding market evolves. Investors can pursue a traditional long-term rental strategy, explore value-add improvements, or evaluate future redevelopment potential based on zoning, market conditions, and applicable regulations. This is not simply a rental property—it is an opportunity to acquire CURRENT CASH FLOW WITH LONG-TERM REAL ESTATE UPSIDE in a location worth watching. apx. $2,600/MONTH GROSS INCOME | $31,200/YEAR GROSS | 2 UNITS | 1,800 SF TOTAL | 4 BEDROOMS | 2 BATHROOMS | HARRISON ST. + RAMONA ST. ACCESS. For investors looking for an entry point into an area adjacent to Charlotte’s expanding urban footprint, 320 & 322 Harrison St. deserves serious consideration. CASH FLOW TODAY. LOCATION FOR TOMORROW.

Additional Information

Equipment
Electric Oven, Electric Water Heater
Foundation
Basement
Laundry Location
Inside
Heating
Forced Air
Water
City
Sewer
Public Sewer
Exterior Construction
Vinyl
Parking
Basement
Driveway
Dirt, Paved
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Zoning
N1-C
Total Property HLA
1799

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Amount of Loan
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Calculator source: Real Geeks

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