1917 Pegram ST Charlotte, NC 28205
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,584 sqft
Price per Sqft $327
Subdivision Villa Heights
MLS Listing ID 4333674
Style Traditional
Bedrooms 8
Full Baths 4
Half Baths 4
Abv Grd Liv Area 3,584
Year Built 1969
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Fourplex
Property Description
The building underwent a complete renovation in 2020, transforming it into a modern, turnkey set of residences. Each unit is thoughtfully outfitted with a full appliance package, including stackable washer/dryer units, ensuring convenience and comfort for tenants. The interiors are fully furnished, reflecting the properties' history as corporate short-term rentals for the past five years. This setup allows a new owner to seamlessly continue short-term operations or pivot to long-term leasing strategies.
The exterior spaces are equally appealing, featuring green space shaded by mature trees and a fenced-in dog/play park, enhancing the livability and charm of the community. With all units vacated intentionally at the end of October 2025, the property offers a clean slate for investors to place vetted tenants on their own terms, maximizing rental income and operational control.
The attached income evaluation of this portfolio is based on a Pro Forma financial model for long-term rentals, which outlines the income potential and projected returns. Given the property proximity to downtown Charlotte, and the ever-growing popularity of NODA, there is significant upside potential. Whether continuing with furnished short-term rentals or transitioning to long-term leases, this quadraplex is a strategic acquisition for investors seeking growth, flexibility, and location-driven value.
Location
State NC
County Mecklenburg
Zoning N1-C
Interior
Heating Natural Gas
Cooling Central Air, Heat Pump
Flooring Laminate
Fireplace false
Appliance Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Oven, Refrigerator, Washer/Dryer
Laundry In Hall
Exterior
Fence Back Yard, Wood
Utilities Available Cable Available
Roof Type Architectural Shingle
Street Surface Concrete,Paved
Garage false
Building
Dwelling Type Site Built
Foundation Slab
Sewer Public Sewer
Water City
Architectural Style Traditional
Structure Type Brick Partial,Wood
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Yes
Senior Community false
Restrictions No Restrictions
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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