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.

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 Description
NS
Parking Features
Parking Space - 2
Community Features
Pond, Sidewalks, Street Lights, Other
Subdivision Name
Eastfield at Prosperity Villag

Location

Listing Courtesy of Kerestan Realty

Property Details for 8845 Arbor Creek Drive

StatusContract Out
MLS #3690672
Days on Market6
Taxes-
HOA Fees$225 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built2006
Lot Size0.20 AC / 8,712 SF
CountyMecklenburg County

Listing Agent

Judi Kerestan

Judi Kerestan

Kerestan Realty

jkerestan@windstream.net

P: 704.280.9036

M: 704.844.9026

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
    Location and General Information
  • 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
    Taxes and HOA 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
    School Information
  • Middle Or Junior School: Ridge Road
  • High School: Mallard Creek
  • Elementary School: Parkside
    Owner
  • Owner Name: Ramroop
  • Ownership Period: Seller owned for at least one year
    Parking
  • Main Level Garage: No
Property
    Lot Information
  • 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
    Property and Assessments
  • 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
    Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
    Exterior Features
  • Accessibility Features: 2 or More Access Exits
  • Porch: Back,Patio,Other
  • Construction Materials: Brick
    Interior 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
Multi Family
    Multi-Family Information
  • Unit Count: 2
  • Number Of Units Total: 2
Agent
    Agent Information
  • 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
    Sale and Listing
  • 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
    Showing and Remarks
  • 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
Rental
    Rent Information
  • Tenant Pays: All Utilities, All except water
  • Rent Includes: All except water, Electricity
  • Pets Allowed: No

Property History for 8845 Arbor Creek Dr

DateEvent & SourcePriceAppreciation
Dec 17, 2020

Contract Out

CANOPY #3686186

Dec 11, 2020

Contract Out

CANOPY #3690672

Dec 11, 2020

Listed (Active)

CANOPY #3690672

$358,950
DateEvent & SourcePrice
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


SchoolTypeGradesDistanceRating
Ridge Road Middle SchoolPublic6-81.3 mi
4
Mallard Creek HighPublic9-121.6 mi
7
Parkside ElementaryPublicPK-52.1 mi
6
Merancas Middle College HighPublic11-123.3 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.

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