$775,000

1554 Barringer Street, Mount Pleasant, NC 28124

  • 11 beds |
  • 6 baths |
  • 4,500 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1985
  • Property Lot Size Icon0.41acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $172/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This stabilized 5-unit multifamily portfolio includes one single-family residence (1554 Barringer) plus a fourplex (1558, 1562, 1566, 1568 Barringer). Each unit is separately metered for water and electricity, with tenants responsible for their own utilities. Property Highlights: 1554 Barringer (SFR): Completely converted to a 3BR/2BA home with full plumbing rehabilitation, an added bathroom with high ceiling, and a vacuum barrier. Certificate of Completion on file. Fourplex Improvements: Roof replaced; brand-new gutter system; newly extended concrete driveway; new centralized mailbox bank. Interior Upgrades (1566 & 1568): Units fully redone with LVP flooring, new appliances (stove and washer) and new window units in 1568, freshly painted interiors and cabinets, updated switches/fixtures, and added washer/dryer connections. Additional Updates: New lighting fixtures throughout rehabbed units Lawn maintenance: $20 per month (the SFR tenant has to do lawn as part of their lease agreement) With updated systems, durable LVP flooring, in-unit laundry connections, and tenants covering all utilities, this package offers strong cash flow with minimal landlord responsibility. Professional management is currently in place at 8%. Located in the growing Mount Pleasant submarket of Cabarrus County, this property benefits from convenient access to Concord, Kannapolis, and the Charlotte metro, supporting ongoing rental demand.

Listing Status:
Active
Data Last Updated:
May 10, 2026 at 7:16AM
Listing Office:
The Virtual Realty Group : 704-674-1475
MLS ID:
4333741
  • Appliances: DishwasherOvenRefrigeratorWasher
  • Laundry: Electric Dryer HookupLaundry RoomWasher Hookup
  • Flooring: Vinyl
  • A/C: Central AirWindow Unit(s)
  • Heating: Heat Pump
  • Parking: Driveway
  • General: Site BuiltSlab
  • Road/Access: ConcreteGravel
  • Originating MLS: carolina
  • County: Cabarrus
  • Zoning: RH5670-32-3256-0000
  • Water: City
  • Sewer: Public Sewer
  • Source: carolina

This listing courtesy of The Virtual Realty Group

Monthly Payment

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

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