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704.663.0990
Real Estate Company
501 Kenlough Drive, Charlotte, NC 28209
- $490,000
- 4
- BD
- 2
- BA
- 1,746
- SqFt
Listing courtesy of Helen Adams Realty. maryhelen@helenadamsrealty.com
- List Price
- $490,000
- MLS#
- 4382282
- Status
- ACTIVE
- Days on Market
- 158
- Property Type
- Residential
- Year Built
- 1958
- Price Change
- ▼ $10,000 1789452644
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 10,454
- Lot Size Area
- 0.24
- Living Area
- 1,746
- Sq Ft Total
- 1746
- County
- Mecklenburg
- Subdivision
- Selwyn Park
- Special Conditions
- None
Property Description
Rare corner lot opportunity in the highly sought-after and rapidly growing Collingwood/Madison Park area! Surrounded by stunning renovated homes and luxury new construction, this property offers incredible potential for investors (to flip and/or rent), builders, or buyers looking for their new home! One of the larger original homes in the neighborhood, it features a great floor plan, mid-century charm, and tons of renovation potential! N1-B zoning may also offer exciting redevelopment opportunities, including a potential luxury single family or duplex! Situated on a beautiful corner lot with a private backyard and peaceful pond and creek views. Just minutes from Uptown, South End, LoSo, and Park Road Shopping Center! No HOA and an unbeatable location! **PLEASE NOTE:** We understand there have been concerns regarding the sloping and uneven basement floors. The sellers had IDE Engineering evaluate the property, and their report and recommended repairs are available in the MLS attachments. Based on the engineer's findings, the recommended work is primarily cosmetic rather than a major structural concern. A quote for the recommended self-leveling repairs is also attached. **With an acceptable offer, the seller is willing to complete the repairs, provide a full credit, or negotiate a price reduction to account for the work.** A great opportunity with multiple options for buyers! Based on comparable sales, investing around **$50,000-$100,000** into the home improvements could create significant instant equity. Once renovated, the home has the potential to be worth **close to $700,000 or MORE**, making it an excellent opportunity for someone looking to build equity or potentially renovate and resell. Given the home's size and the comparable sales in the area, this is a fantastic investment opportunity!
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Additional Information
- Interior Features
- Attic Stairs Pulldown, Open Floorplan
- Floor Coverings
- Tile, Wood
- Equipment
- Dishwasher, Microwave, Oven, Refrigerator, Washer/Dryer
- Foundation
- Crawl Space
- Laundry Location
- Laundry Room, Lower Level
- Heating
- Central
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Brick Partial, Vinyl
- Roof
- Architectural Shingle
- Parking
- Driveway
- Driveway
- Asphalt, Paved
- Lot Description
- Corner Lot
- Elementary School
- Pinewood Mecklenburg
- Middle School
- Alexander Graham
- High School
- Myers Park
- Total Property HLA
- 1746
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