1121 Polk St
Charlotte, NC 28206
Specialist Property For Sale · 1,433 sq ft

These residential income properties are located within the metropolitan area of the city of Charlotte, North Carolina. • The properties are considered to be in well established neighborhoods, with high demand for rental units. • Most are located within 10-15 minute drive from Uptown/Downtown Charlotte. • Locations include areas at or near The Plaza, NC Music Factory, Druid Hills South, Near Uptown, JC Smith University, Biddleville, Nations Ford Rd, I-77, I-277, I-485 • Age and construction types vary depending on location but most units include brick exterior, composition roof shingle, crawl space foundation, central heating and air conditioning and many have hardwood flooring. • Average rental increases are currently ranging from 5%-10%. • Overall vacancy rate lower than 5% per year • Average vacancy periods are less than 30 days. • Most tenancies extend beyond one year leases. • The renewal rate is very high for all units. • Most units renting below $1000 per month are rented without appliances. • Not including appliances reduces the owner’s ongoing and potential cost of maintenance • Tenants are responsible for all utilities including electric, water and gas • Tenants are responsible for lawn service • Tenants are responsible for standard pest control