This is a great opportunity to have sellers develop and build 15 townhomes, an excellent investment opportunity!
This parcel is less than 1/2 mile from well-sought-after NoDa, the Arts & Entertainment District of Charlotte, and has been given city approval for units to be 4bd 2.5bth, 3 story, 1800-1900 sqft with garage space. With the estimation of 350-375k+ resale value per townhome unit (conservatively). We also have the backing from a local financial institution to allow the future purchase of the individual townhomes, with them being a primary residence, to be 100% financed over a 30-40 year amortization. This is also a great opportunity for future ARBNB! Builders get your best offer in as deals like this don't come around often! 9 units are approved, an additional 6 can be with an extra 150k.