$2,000,000

2909 Burgess Drive, Charlotte, NC 28208

  • 24 beds |
  • 24 baths |
  • 11,064 sqft
  • Property Icon Town Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon0.76acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $181/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

Charlotte, NC 12-Unit Townhome Community with Immediate Value-Add Upside: Twelve-unit townhome community comprised entirely of 2-bedroom/1.5-bath units with 10 of 12 units fully renovated to a modern finish level. Two recently renovated vacant units represent immediate lease-up upside, while two below-market occupied units at $995 provide a clear runway to capture additional rent growth upon turn. The highest achieving in-place rent of $1,535 establishes a proven rent ceiling with a direct path to full stabilization. Premium Location: 2 miles from Lower South End (LoSo), Charlotte's emerging hub of breweries, restaurants, retail, and light rail access, home to major employers including Lowe's Tech Hub, USAA, and LendingTree. 2.5 miles from South End, one of Charlotte's most nationally recognized and vibrant live-work-play corridors. 4 miles from Uptown Charlotte, the region's central business district and primary employment core. 4.5 miles from Charlotte Douglas International Airport, the seventh-busiest airport in the world, and a top-three driver of corporate relocation and expansion in the Charlotte region. Premium Interior Renovation Package: Renovated units feature granite countertops, LVP flooring, new carpet, new cabinets, new appliances, vanities, updated modern lighting and fixtures, and washer/dryer connections, a finish level that commands premium rents and supports durable tenant retention in the Charlotte workforce housing segment. Exterior Capital Investment: Property received a full exterior refresh and, in 2023, a complete siding and trim replacement, supporting strong curb appeal and reduced near-term capital requirements for an incoming investor. Attractive All-Townhome Unit Mix: Exclusively 2-bedroom/1.5-bath two-story townhome floor plans offering renters added privacy, functional layouts, and a more residential living experience than traditional apartment product, a highly desirable configuration in the Charlotte rental market that supports strong leasing velocity and tenant retention.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 8:16PM
Listing Office:
Andrew Reed Properties, LLC : 704-576-4322
MLS ID:
4361886
  • Appliances: Other
  • Laundry: Electric Dryer HookupGas Dryer Hookup
  • Basement: Other
  • A/C: ElectricWindow Unit(s)
  • Heating: BaseboardElectric
  • Parking: Assigned
  • General: Site BuiltSlab
  • Road/Access: AsphaltConcretePaved
  • Originating MLS: carolina
  • County: Mecklenburg
  • Zoning: R414523309
  • Water: City
  • Sewer: Public Sewer
  • Source: carolina

This listing courtesy of Andrew Reed Properties, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Reid Park Academy

4108 W Tyvola Rd, Charlotte, NC, 28208

Grades PK-5

0.21 miles away

R

Renaissance West STEAM Academy

3241 New Renaissance Way, Charlotte, NC, 28208

Grades PK-8

0.90 miles away

H

Harding University High School

2001 Alleghany St, Charlotte, NC, 28208

Grades 9-12

1.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.