CAMERON SOUTH PARK – 309 UNITS IN CHARLOTTE, NC

Price:

$79,250,000

Status:

Sold

Address:

6316 Cameron Forest Ln, Charlotte, NC 28210, USA

Overview:

SOLD 11/16/21 FOR $79,250,000
$256,472 per unit

Deaton Investment Real Estate represented the buyer and K. Chase represented the seller in this off-market transaction. Located in the heart of South Park, one of Charlotte, North Carolina’s most prestigious neighborhoods, Cameron South Park offers an attractive mix of one- and two-bedroom floorplans. Built in 1984, the property sits in a submarket with surging rents and presents a great value-add opportunity.

Unit Information

UnitTypeSizeRent
66 UNITS1BD/1BA788 SF$1,435
66 UNITS2BD/1BA947 SF$1,500
177 UNITS2BD/2BA1,005 SF$1,650

Property Information

PIN 20955102 Tax Value $24,033,900
Taxes $249,678 Lot Size 17.58 ACRES
Year Built 1985 Exterior WOOD ON SHEATHING
Floors HARDWOOD, CARPET, LVP Foundation SLAB
HVAC CENTRAL AIR; ELECTRIC FORCED AIR HEAT Owner Financing NONE
Utilities INDIVIDUALLY METERED Appliances RANGE, REFRIGERATOR, MICROWAVE, DISHWASHER, WASHER & DRYER CONNECTION
Legal Description N/A Zoning R-15MF
Sold Date 11/16/2021