625 South Summit Avenue

Charlotte, NC 28208

$1,299,900
Price
8
Beds
4
Baths
3,508 Sq. Ft.
$371 / Sq. Ft.
3,508
Sq. Ft.
$371
per Sq. Ft.

Description

Rare quad-plex opportunity in Wesley Heights! This multi is in one of the the hottest districts and is adjacent to some of the best Charlotte has to offer. Each unit is 2 bed/1 bath with a private covered patio and in-unit laundry. The off-street parking makes for safe and secure parking for tenants, and there is additional green space behind the parking area, a great space for pets. There is a beautiful community patio with fire pit, and the entire building is joined by an interior hallway, but...Rare quad-plex opportunity in Wesley Heights! This multi is in one of the the hottest districts and is adjacent to some of the best Charlotte has to offer. Each unit is 2 bed/1 bath with a private covered patio and in-unit laundry. The off-street parking makes for safe and secure parking for tenants, and there is additional green space behind the parking area, a great space for pets. There is a beautiful community patio with fire pit, and the entire building is joined by an interior hallway, but each unit also has it's own exterior access. This property is located in an Opportunity Zone, so if you're looking for some unique tax advantages definitely look into this! All 4 HVAC units replaced in 2021 and have been on monthly maintenance agreements.
  1. Listed by Scott Hosey • Trade & Tryon Realty • scott@tradetryonrealty.com

Property Details for 625 South Summit Avenue

Architectural Style
Colonial
Parking Features
On Street, Parking Lot
Subdivision Name
Wesley Heights

Location

Listing Courtesy of Trade & Tryon Realty
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LISTING UPDATED: 05/10/2024 12:52 PM

Property Details for 625 South Summit Avenue

StatusActive
MLS #4131848
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1946
Lot Size0.23 AC / 10,018 SF
CountyMecklenburg County

Location

Listing Courtesy of Trade & Tryon Realty
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Building Information for 625 South Summit Avenue

Stories-Residences-Year Built1946Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$7,630 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,094

Property Taxes

$536

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 625 South Summit Avenue

Summary
Location and General Information
  • Longitude: -80.86262803
  • Zoning: R-5
  • Latitude: 35.23022581
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $667,000.00
  • Parcel Number: 073-241-17
  • City Taxes Paid To: Charlotte
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking Total: 5.0
  • Open Parking: No
  • Other Parking: Off-street parking behind building. Driveway is shared.
  • Carport: No
  • Garage Spaces: 5.0
  • Garage: Yes
  • Main Level Garage: No
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 3508.0
  • Below Grade Finished Area: 0.0
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource: 1
  • New Construction: No
  • Photos Count: 42
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community: No
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Full
  • Patio And Porch Features: Balcony, Covered, Patio
  • Road Surface Type: Asphalt, Paved
  • Roof: Shingle
Interior Features
  • Appliances: Dishwasher, Electric Range, Washer/Dryer
  • Cooling: Central Air
  • Heating: Heat Pump
  • Laundry Features: In Kitchen, In Unit
  • Fireplace Features: Fire Pit, Outside
  • Fireplace: No
  • Flooring: Laminate, Tile, Wood
  • Foundation Details: Crawl Space
  • Basement: No
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Property History for 625 South Summit Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 625 South Summit Avenue

Taxable ValueLand$290,000Additions$377,000Total$667,000
Tax Record2023$6,437 ($536 / month)
Home Facts
Total Finished SqFt3,496 SqFtAbove Grade Finished SqFt3,496 SqFtStories2Lot Size10,306 SqFtStyleMulti-Family Res (5+ Units)Year Built1946ZoningR-5 (HD)CountyMECKLENBURGAPN07324117Fireplace TypeHas Fireplace

Schools near 625 South Summit Avenue

This home is within Charlotte-Mecklenburg School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Bruns Avenue Elementary
PublicPK to 5

Ranson Middle
Public6 to 8

West Charlotte High
Public9 to 12

Levine Middle College High
Public11 to 12

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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625 South Summit Avenue is a multi-family home for sale in Charlotte, NC 28208. This property was listed for sale on May 10, 2024 by Trade & Tryon Realty, it's currently listed at $1,299,900. It has been on the market for a total of 11 days and was last sold on January 7, 2014. This listing's school district is Charlotte-Mecklenburg School District. Nearby schools include Bruns Avenue Elementary, Ranson Middle and West Charlotte High. 625 South Summit Avenue is a 8-bed, 4-bath, 3,508 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Trade & Tryon Realty

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