8845 Arbor Creek Drive
Charlotte, NC 28269
$358,950
Price
2
Beds
2
Baths
2
1/2 Baths
1,776 Sq. Ft.
$202 / Sq. Ft.
1,776
Sq. Ft.
$202
per Sq. Ft.
Contract Out
Contract Out
Description
Back uo offers being accepted! Investment opportunity live/work retail lower/unit rental above! Between northlake mall and concord mills ! Fast growing area! LIVE/WORK or INVEST for Positive cash flow in this 3 story retail/townhome! Lower level at street storefront is currently a juice bar. 2 story townhome above it is 2 beds, 2.5 baths , with lovely kitchen and dining area , and split bedroom plan. Townhome and retail are both rented ! Long term 2 year tenants in place! Fenced patio in rear , 2...
Property Details for 8845 Arbor Creek Drive
Architectural Style
Traditional
Zoning DescriptionNS
Parking FeaturesParking Space - 2
Community FeaturesPond, Sidewalks, Street Lights, Other
Subdivision NameEastfield at Prosperity Villag
Location
Listing Courtesy of Kerestan Realty
Property Details for 8845 Arbor Creek Drive
| Status | Contract Out |
|---|---|
| MLS # | 3690672 |
| Days on Market | 6 |
| Taxes | - |
| HOA Fees | $225 / month |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Multi-Family |
| Year Built | 2006 |
| Lot Size | 0.20 AC / 8,712 SF |
| County | Mecklenburg County |
Listing Agent
Contact Agent(s)
Building Information for 8845 Arbor Creek Drive
Stories-Residences-Year Built2006Building Size-Lot Size0.20 AC / 8,712 SF
Payment Calculator
$1,428 per month
30 year fixed, 2.95% Interest
Principal and Interest
$1,203
Property Taxes
—
HOA Dues
$225
Property Information for 8845 Arbor Creek Drive
Summary
- Longitude: -80.78294
- Postal Code: 28269
- Postal Code Plus4: 0541
- State Or Province: NC
- Geocode Source: Manual
- County Or Parish: Mecklenburg
- Latitude: 35.384415
- City: Charlotte
- Zoning NCM: NS
Location and General Information
- Tax Location: Charlotte
- HOA Subject To: Required
- HOA Subject To Dues: Mandatory
- Tax Assessed Value: $228,400.00
- Tax Legal Description: L67 M41-725
- Association Fee: $225.00
- Association Fee Frequency: Monthly
- Association Name: Cedar MGT
- Association Phone: 877-252-3327
- Parcel Number: 029-294-28
Taxes and HOA Information
- Middle Or Junior School: Ridge Road
- High School: Mallard Creek
- Elementary School: Parkside
School Information
- Owner Name: Ramroop
- Ownership Period: Seller owned for at least one year
Owner
- Main Level Garage: No
Parking
Property
- Structure Type: Other
- Below Grade Finished Area: 0.0
- Building Area Total: 1776.0
- Sq Ft Additional: 0
- Sq Ft Garage: 0
- Living Area: 1776.0
- Lot Size Area: 0.2
- Property Sub Type: Multi-Family
- Property Type: Residential Income
Lot Information
- Photos Count: 20
- Road Responsibility: Public Maintained Road
- Construction Type: Site Built
- Due Diligence Period End Date: 01-11-2021
- Due Diligence: Yes
- Fixture Exception: No
- Assumable: No
- Year Built: 2006
- Named Prospects Exempted: No
- Permit Syndication: Yes
- RATIO - Current Price By Acre: 1794750.00
- RATIO - Current Price By SQFT: 202.11
- RATIO - List Price By Tax Amount: 1.57158
- Documents Count: 0
Property and Assessments
- Sewer: Public Sewer
- Water Source: Public
Utilities
Interior and Exterior Features
- Accessibility Features: 2 or More Access Exits
- Porch: Back,Patio,Other
- Construction Materials: Brick
Exterior Features
- Appliances: Cable Prewire, Ceiling Fan(s), Dishwasher, Electric Dryer Hookup, Electric Range, Refrigerator
- Water Heater: Electric
- Heating: Central, Heat Pump, Heat Pump
- Laundry Features: Third
- Flooring: Carpet, Laminate, Vinyl
- Foundation Details: Slab
- Bathrooms Full: 2
- Bathrooms Half: 2
- Bedrooms Total: 2
Interior Features
Multi Family
- Unit Count: 2
- Number Of Units Total: 2
Multi-Family Information
Agent
- Owner Agent: No
- List Agent Full Name: Judi Kerestan
- List Agent Direct Phone: 704-280-9036
- List Agent Email: jkerestan@windstream.net
- List Office Name: Kerestan Realty
- List Office Phone: 704-844-9026
- List Agent AOR: Charlotte Regional Realtor Association
Agent Information
- Listing Agreement: Exclusive Right To Sell
- Listing Terms: 1031 Exchange, Cash, Conventional, VA Loan
- Last Status: Under Contract-No Show
- Private Remarks: BOTH UNITS TENANT OCCUPIED TILL 11/2022 . JUICE BAR TENANT RETAIL IS PAYING 1285 A MONTH PLUS 60% OF ELECTRIC BILL SO ABOUT 1350 A MONTH TOTAL. RRESIDENTIAL TENANT IS PAYING 1300 A MONTH ANS ELECTRIC IS INCLUDED. WATER IS INCLUDED IN HOA DUES.TOTAL INCOME 2600+ A MONTH. ALL SHOWINGS AFTER ACCEPTED OFFER , AND NO DD MONEY NEEDED UNTIL AFTER VIEWED.CALL LISTING AGENT 704-280-9036 ALL FIXTURES AND EQUIPMENT IN JUICE BAR BELONG TO TENANT. TENANTS UPFIT THEIR OWN SPACES.
- Deed Reference: 21465-622
- Buyer Agent Sale: No
- Special Listing Conditions: None
- Standard Status: Active Under Contract
- Cumulative Days On Market: 6
- Days On Market: 6
Sale and Listing
- Public Remarks: BACK UO OFFERS BEING ACCEPTED!!INVESTMENT OPPORTUNITY LIVE/WORK RETAIL LOWER/UNIT RENTAL ABOVE! BETWEEN NORTHLAKE MALL AND CONCORD MILLS !Fast growing area! LIVE/WORK or INVEST for Positive cash flow in this 3 story retail/townhome! Lower level at street storefront is currently a juice bar. 2 story townhome above it is 2 beds, 2.5 baths , with lovely kitchen and dining area , and split bedroom plan. Townhome and retail are both rented ! Long term 2 year tenants in place! Fenced patio in rear , 2 assigned parking spaces. Access is so easy to major highways! 85 , 77 and 485.What an opportunity to invest with instant cash flow in this quickly booming area! Great 1031 Exchange property. Great visibility , other anchors are big box stores like Golds Gym and Foodlion , all in the same Eastfield Village Live/Work Meeting Place. All walking distance ! A must see consideration for the investor looking for a performing property in a high density location.
- Showing Contact Phone: 800-746-9464
- Showing Instructions: Combination,Do Not Disturb Tenant,No Sign,Other - See Media/Remarks
Showing and Remarks
Rental
- Tenant Pays: All Utilities, All except water
- Rent Includes: All except water, Electricity
- Pets Allowed: No
Rent Information
Property History for 8845 Arbor Creek Dr
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 17, 2020 | Contract Out CANOPY #3686186 | — | |
| Dec 11, 2020 | Contract Out CANOPY #3690672 | — | |
| Dec 11, 2020 | Listed (Active) CANOPY #3690672 | $358,950 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/17/2020 | Contract Out CANOPY #3686186 | — |
| 12/11/2020 | Contract Out CANOPY #3690672 | — |
| 12/11/2020 | Listed (Active) CANOPY #3690672 | $358,950 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 8845 Arbor Creek Drive
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Ridge Road Middle School | Public | 6-8 | 1.3 mi | 4 |
| Mallard Creek High | Public | 9-12 | 1.6 mi | 7 |
| Parkside Elementary | Public | PK-5 | 2.1 mi | 6 |
| Merancas Middle College High | Public | 11-12 | 3.3 mi | 10 |
Ridge Road Middle School 6-8, 1.3 mi, Public | 4 |
Mallard Creek High 9-12, 1.6 mi, Public | 7 |
Parkside Elementary PK-5, 2.1 mi, Public | 6 |
Merancas Middle College High 11-12, 3.3 mi, Public | 10 |
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Highland Creek
Neighborhoods
- Concord Mills
- Derita-Statesville
- Druid Hills North
- Hamilton Circle
- Henderson Circle
- Hidden Valley
- Highland Creek
- J.T. Williams
- Mallard Creek-Withrow Downs
- Mineral Springs
- Nevin Community
- Prosperity Church Road
- Rockwell Park-Hemphill Heights
- Sugar Creek
- The North End
- University City
- Westside
- West Sugar Creek
- Wilson Heights
- Beatties Ford-Trinity
Cities
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. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Kerestan Realty