421 Honeywood Avenue, Charlotte, NC 28216

Property Description

This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades. Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units. Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation. Investment Highlights: 12-unit multifamily property 5 renovated units completed Proven rent benchmark at $1,500/month Significant remaining value-add potential Located in a high-growth rental market Opportunity to increase NOI through continued upgrades This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.