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Teresa Richardson

trichardsonrealtor@gmail.com +1(980) 322-4060

$399,000

Est. payment - /mo

4 Beds

2 Baths

1,799 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,799 sqft

Price per Sqft $221

Subdivision Lakeview

MLS Listing ID 4429100

Style Traditional

Bedrooms 4

Full Baths 2

Abv Grd Liv Area 1,799

Year Built 1955

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Duplex

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.

Location

State NC

County Mecklenburg

Zoning N1-C(ANDO)

Rooms

Basement Basement Garage Door

Interior

Heating Forced Air

Cooling Central Air

Appliance Electric Oven, Electric Water Heater

Laundry Inside

Exterior

Street Surface Dirt,Paved

Garage false

Building

Dwelling Type Site Built

Foundation Basement

Sewer Public Sewer

Water City

Architectural Style Traditional

Structure Type Vinyl

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Pets Allowed Yes

Senior Community false

Acceptable Financing Cash, Conventional, Nonconforming Loan, Private, Other - See Remarks

Listing Terms Cash, Conventional, Nonconforming Loan, Private, Other - See Remarks

Special Listing Condition None

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Listed by Matt Lunsford • 1221 Real Estate LLC • remattnc@gmail.com

320 Harrison ST Charlotte, NC 28208