tomo logo

$425,000

Beds
7
Baths
2.5
sq ft
1,296

1028 Karendale Avenue, Charlotte, NC 28208

1028 Karendale Avenue

Charlotte, NC 28208

  • 105 days on market
    • Price drop $40,000↓
Amazing opportunity for a long term investor! Cap rate @ 9%. Monthly rental at 1% Established month to month renters totaling $4275 per month (as of Nov. 1). Unique property with a true apartment downstairs. New roof in 2018, new HVAC in 2018, total renovation of apt B in Dec 2020, entire plumbing reconstruction in 2021. No electrical, foundation, or any other major issues.

Details

Property type

Single Family Residence

Est. home value

$291,018

Lot size

Unknown

Price per sq ft

$328

Year built

1938

Price History

11/07/2024
CanopyMLS

CanopyMLS #4174304

Listed
$425,000
10/23/2024
CanopyMLS

CanopyMLS #4174304

Pending
$425,000
09/13/2024
CanopyMLS

CanopyMLS #4174304

Price change
$425,000
-8.6%

Schools & Community

Neighborhood: 

Enderly Park

Elementary school: 

Westerly Hills

Middle school: 

Unspecified

High school: 

Harding University

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Futures Financial Llc

Loan start date

June 2022

Original loan amount

$245,000

Est. remaining balance

Not provided

Interest rate

5.27%

Loan type

Commercial, 2 year

Seller

J Renee Enterprises Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 9:20 AM

Listing updated: 12/16/2024 at 1:04 PM

Listed by: Autumn Moen, Better Real Estate Carolina Phone #: (704) 906-4025

MLS: CanopyMLS #4174304

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