SFR-Charlotte, NC-Off Market-Rehab/Value Add Opportunity

4 Beds / 2 Baths • 1,258 SqFt
Offer Submission Deadline
  • Single Family House
  • 4
  • 2
  • 1952
  • 1258
  • 14374
  • No Garage

Description

Address: 516 Manhasset Rd, Charlotte, NC 28209


ASKING PRICE: $420.000

EMD: $5K

ARV Potential: $690K | $800K+ with added square footage

Beds/Baths: 4 Bed / 2 Bath

Living Area: 1,258 SqFt

Lot size: .33 Acre Lot

Condition: Solid structure; Outdated.

Tenant Info: Will be delivered Vacant - current tenant in place until June 4th.

Occupancy: Delivered vacant

Showing: TBD - Must RSVP

Closing Date: June 27, 2025



Highlights:

Significant Upside – Comps support resale values of $690K renovated as-is and $800K+ with additional square footage

Prime Location – Located in one of Charlotte’s highly desirable neighborhoods with strong appreciation and demand

Value-Add Potential – Ideal for investors looking to increase livable square footage and boost ARV

Off-Market Advantage – Avoid competition and bidding wars – secure this opportunity before it hits the open market

Estimated Spread

  • ARV $690,000
  • Price $420,000
  • Spread $270,000

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