5024 Rea Rd

2,944 Sq. Ft.
$214 / Sq. Ft.
2,944
Sq. Ft.
$214
per Sq. Ft.

Description

This fully renovated duplex comprised of two living units with leases in place to start August 1st is a rare find in South Charlotte. The building is on a .34 acre corner lot, each unit with a private fenced in yard. Each unit has it’s own 2 car parking pad. This is a wonderful opportunity to purchase a duplex in south Charlotte schools and close to shopping and grocery stores Each unit is completely renovated with new kitchens, new baths, new energy efficient windows, new stainless steel refrigerators,...This fully renovated duplex comprised of two living units with leases in place to start August 1st is a rare find in South Charlotte. The building is on a .34 acre corner lot, each unit with a private fenced in yard. Each unit has it’s own 2 car parking pad. This is a wonderful opportunity to purchase a duplex in south Charlotte schools and close to shopping and grocery stores Each unit is completely renovated with new kitchens, new baths, new energy efficient windows, new stainless steel refrigerators, stainless steel dishwashers, stainless steel stoves, new roof, all new windows and doors and new HVAC systems & upgraded electrical panels. New toilets and bathroom fixtures, new light fixtures, new floor coverings and freshly painted. There is no HOA. This a great turn key operation for investors to grab a maintenance free income producing building.
  1. Listed by Harper Fox • Corcoran HM Properties
    P: (704)-804-0101 C: (704)-804-0101 HarperFox@hmproperties.com

Property Details for 5024 Rea Road

Architectural Style
Contemporary
Zoning Description
R3
Parking Features
Driveway
LISTING UPDATED: 08/26/2021 10:41 AM

Property Details for 5024 Rea Road

StatusClosed
MLS #3751931
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property Type-
MLS TypeSale / Residential / Building / 4 / 2
Year Built1981
Lot Size0.34 AC / 14,810 SF
CountyMecklenburg County

Location

Listing Courtesy of Corcoran HM Properties

Sold By EXP REALTY LLC

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Building Information for 5024 Rea Road

Stories-Residences-Year Built1981Lot Size0.34 AC / 14,810 SF

Payment Calculator

$3,516 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,172

Property Taxes

$344

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5024 Rea Road

Summary
Location and General Information
  • Longitude: -80.810423
  • Geocode Source: Manual
  • Latitude: 35.095246
  • Directions: HWY 51 TO REA ROAD (TOWARD COLONY) DUPLEX ON CORNER OF REA/SUMMERGATE.
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $314,500.00
  • Parcel Number: 211-232-38
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Total Spaces: 4.0
  • Garage Main Level YN: No
Property
Lot Information
  • Structure Type: Duplex
  • Below Grade Finished Area: 0.0
  • Sq Ft Additional: 0
  • Sq Ft Garage: 0
  • Sq Ft Unheated Basement: 0
  • Lot Features: Corner Lot
  • Property Type: Residential Income
Property and Assessments
  • New Construction YN: No
  • Photos Count: 19
  • Road Responsibility: Public Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Permit Syndication: Yes
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Porch: Patio
  • Construction Materials: Brick
  • Road Surface Type: Concrete
Interior Features
  • Appliances: Dishwasher, Dryer, ENERGY STAR Qualified Washer
  • Water Heater: Gas
  • Heating: Central, Heat Pump
  • Laundry Features: Main Level, Laundry Room
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Flooring: Carpet, Tile, Wood
  • Foundation Details: Slab
  • Doors Windows: Insulated Windows
Multi Family
Multi-Family Information
  • Unit Count: 2
  • Number Of Units Total: 2
Unit 1
  • Baths Full: 2
  • Baths Half: 1
  • Beds Total: 3
  • SqFt Total: 1472
  • Unit Rooms: Dining Room
Unit 2
  • Baths Full: 2
  • Baths Half: 1
  • Beds Total: 3
  • SqFt Total: 1472
Rental
Rent Information
  • Tenant Pays: None
  • Rent Includes: None
  • Pets Allowed: Yes

Property History for 5024 Rea Road

DateEvent & SourcePriceAppreciation
Aug 16, 2021

Closed (Public Record)

Public Record #1473641638

$630,000

+6.5% / yr

Aug 16, 2021

Closed

CANOPY #3751931

$630,000
Jul 20, 2021

Under Contract-No Show

CANOPY #3751931

DateEvent & SourcePrice
08/16/2021

Closed (Public Record)

Public Record #1473641638

$630,000

+6.5% / yr

08/16/2021

Closed

CANOPY #3751931

$630,000
07/20/2021

Under Contract-No Show

CANOPY #3751931

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5024 Rea Road

Taxable ValueLand$129,500Additions$415,400Total$544,900
Tax Record2024$4,126 ($344 / month)
Home Facts
Baths5Total Finished SqFt2,816 SqFtAbove Grade Finished SqFt2,816 SqFtStories2Lot Size14,870 SqFtStyleMulti-Family Dwelling (2-4)Year Built1981ZoningR-3CountyMECKLENBURGAPN21123238Fireplace TypeHas Fireplace

Schools near 5024 Rea Road

This home is within Charlotte-Mecklenburg School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 13
Rating
School
Distance
Olde Providence Elementary
PublicK to 5

Carmel Middle
Public6 to 8

South Mecklenburg High
Public9 to 12

Harper Middle College High
Public11 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Corcoran HM Properties

Based on information submitted to the MLS GRID as of 08/26/2021 10:41 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.