1203 N Charlotte Ave, Monroe, NC 28110

Looking for your next project or investment opportunity? This diamond in the rough is waiting for the right buyer to bring it back to life! Located on a large sized corner lot, this home is full of potential with an additional nice-sized room in the back that may be used as a 3rd bedroom. Property also includes a large storage shed. Seller will not make any repairs and offering AS-IS. Long term tenant in place on a month to month lease. Seller has given tenant guaranteed occupancy until at least June 5th, 2025. Currently being rented at well below market rent which offers tremendous upside. Currently being rented at well below market rent. Do not disturb tenants. Currently zoned RMS (Residential Medium Density). Per City of Monroe planning department, a rezoning can be applied for to rezone the parcel to one of their commercial zoning districts. However, it is not a guarantee that the rezoning will be approved just because it is applied for. Call City of Monroe for more information.