1906 Mereview Ct UNIT 9, Charlotte, NC 28210

Investors and Homeowners alike will want to take a look at this cash flow cow in South Charlotte.This 2 bedroom, 1.5 bath townhouse is located in a well-maintained community off Sharon Rd. West. The community itself has an on-site community manager, ammenities include a limited-access swimming pool, 2 tennis courts, an outdoor grilling area, and ample common space for your kids or pets to run around in.The house itself is 1000 square ft and includes a living room, powder room, kitchen w/ breakfast nook, laundry hookups, and pantry downstairs. Upstairs there is a Master bedroom with walk-in closet, a linen closet, a second bedroom, and a full bathroom.There is brand new carpet throughout, brand new flooring in kitchen, and new tile in the entryway. Additional repairs are minimal at a very conservative $2000 including paint throughout, cleaning, new hardware/blinds/outlet covers, patch some drywall in a few places, trim vines on patio, and new trim in a couple spots to make the unit move-in ready.Market rent is $700-$750 and at a purchase price of only $29,900 you can't lose. For investors, that's a 15% annual cash-on-cash return per year including a 2 month vacancy per year.Rent demand in this area is high: Home schools for this location are the very desirable Sterling Elementary, Quail Hollow Middle, and South Meck High -> all top rated schools.The community also sits right on a major bus line (CATS Rt. 12-South Blvd) and has another major line (CATS Rt. 19-Park Rd) and a community bus line (CATS Rt. 43 - Ballantyne) within a 5 minute walk.Only cash offers with a signed contract, $2,500 non-refundable earnest money deposit, and proof of funds will be accepted. For a pre filled-out contract, shoot me an email. For more information, call me at the number listed. If you're interested, be sure to act fast, this cheap, cash flowing property in a great location won't be around for long!