$170,000 · CHARLOTTE, NC 28216
Works for flippers · Works for landlords

Available

$170,000Asking price

2 bd · 2.5 ba · 1,260 sq ft · built 2002

CHARLOTTE, NC 28216

No contract on file

via InvestorLift Classic

11 views · listed Nov 5

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $240,000
Asking price: −$170,000
RepairsMiddle of the seller’s $10,000 – $20,000. Ours: $15,500 – $32,000: −$15,000
Loan, holding, closing20% down, 12% interest, 2 points, 66 days: −$17,971
Profit15.4% of ARV · flippers want 10%+: $37,029
Works

Works for a flipper up to $182,000.

PRIME PARTNER REALTY

Jason Martinez

No reviews yet

Comps

Sales

Rents

ARV $240,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $215,000.

The sales behind this value are shown to members.

ARV $240,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

PRIME PARTNER REALTY

Jason Martinez

No reviews yet

Seller Description

OverviewLocated in the Glenlea Park community of Northwest Charlotte, this 1,260-square-foot townhome sits directly off the Sunset Road corridor and Beatties Ford Road. The property is 2.5 miles from I-77 (Exit 16A) and provides immediate access to the I-485 loop for travel across the Charlotte metro area. Commuters are 9 miles from Uptown Charlotte, offering direct routes to major employer hubs, Bank of America Stadium, and Spectrum Center. Nearby commercial centers include Riverbend Village, Northlake Mall, and a local Food Lion anchor. Outdoor recreation is accessible within minutes at Mountain Island Lake, Latta Nature Preserve, and the US National Whitewater Center.

Investment BreakdownFLIP:ARV: $240,000Purchase Price: $170,000Rehab: $15,000All in: $185,000Gross Profit $55,000RENTAL:Purchase $170,000 + Rent Ready Rehab $15,000 = $185,000$1,750/mo Market Rent-$142/mo Tax-$262/mo HOA-$80/mo Insurance$1,266 Monthly Cash Flow × 12 = $15,192 Annual Cash Flow$185,000 Investment = 8.2% Annual Cash-on-Cash Return

**Property Address:** 4146 Glenlea Commons Dr Charlotte NC 28216

**Asking Price:** $170,000

Property Details

Type: Townhome
Specs: 2 bed / 2.5 bath
Size: 1,260 sqft on 0.02 acres
Year Built: 2002

Occupancy: ?AS-IS PURCHASEPREFERRED LENDER

Big Ticket ItemsROOF— 2020HVAC — 2023HWH — 2023UTILITIES — CITY WATER AND SEWERFOUNDATION — SLAB Comparable Sales Breakdown

SALE• 5220 Glenlea Walk Ln, Charlotte, NC 28216– Sold @: $230,600– Listing: HERE SALE• 4018 Glenlea Commons Dr, Charlotte, NC 28216– Sold @: $240,000– Listing: HERE SALE• 5310 Glenlea Walk Ln, Charlotte, NC 28216– Sold @ $235.000– Listing: HERE

RENTAL• 5805 Greenway Vista Ln, Charlotte, NC 28216– Rental @ $1,7552 BED 2 BATH– Listing: HERE

RENTAL• 1438 Capps Hill Mine Rd, # C, Charlotte, NC 28216– Rental @ $1,675– Listing: HERE

RENTAL• 4058 Glenlea Commons Dr, Charlotte, NC 28216– Rental @ $1,790– Listing: HERE

Next Steps

Contact Jason Martinez 984-355-9900 if you need more information
Schedule a property walkthrough
Make an offer directly on this page

DisclaimersIMPORTANT: Buyer is responsible for conducting their own due diligence. This is an as-is opportunity. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material.

Time-sensitive opportunity - this contract is being offered to multiple investors