Nestled in the heart of Charlotte’s vibrant Villa Heights neighborhood, 1917 Pegram Street presents a rare and compelling investment opportunity. Just a short walk from the bustling NODA district, residents enjoy immediate access to Charlotte’s premier nightlife, restaurants, breweries, and the Lynx Blue Line, making this location highly desirable… Read More for both short-term and long-term tenants. The building underwent a complete renovation in 2020, transforming it into a modern, turnkey set of residences. Each unit is thoughtfully outfitted with a full appliance package, including stackable washer/dryer units, ensuring convenience and comfort for tenants. The interiors are fully furnished, reflecting the properties’ history as corporate short-term rentals for the past five years. This setup allows a new owner to seamlessly continue short-term operations or pivot to long-term leasing strategies. The exterior spaces are equally appealing, featuring green space shaded by mature trees and a fenced-in dog/play park, enhancing the livability and charm of the community. With all units vacated intentionally at the end of October 2025, the property offers a clean slate for investors to place vetted tenants on their own terms, maximizing rental income and operational control. The attached income evaluation of this portfolio is based on a Pro Forma financial model for long-term rentals, which outlines the income potential and projected returns. Given the property proximity to downtown Charlotte, and the ever-growing popularity of NODA, there is significant upside potential. Whether continuing with furnished short-term rentals or transitioning to long-term leases, this quadraplex is a strategic acquisition for investors seeking growth, flexibility, and location-driven value. Read Less
Finished Area Above Grade: 3584, Area: 3584, Architecture: "Traditional", Building Area: 3584, Construction Materials: "Brick Partial", "Wood", Year Built: 1969, Construction Type: Site Built
Cooling
Details: "Central Air", "Heat Pump"
Floors
Flooring: "Laminate"
Heating
Heating: "Natural Gas"
Laundry
Description: "In Hall"
Lot
Size: 0.26, Size Units: Acres
Pets Policy
Description: "Yes"
Roof
Description: "Architectural Shingle"
Utilities
Sewer: "Public Sewer", Water Source: "City", Utilities: "Cable Available"
Garage
Man Level Garage: 0
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