300 Coxe Avenue Townhomes
6 Units For Sale
300 Coxe Avenue Charlotte NC 28208
$1,750,000
List Price
4.40 %
Cap Rate
6
Number of Units
5,184
Building SF
The Investment
  • 300 Coxe Avenue is a 6 unit townhouse style apartment community in Charlotte, NC; Located in the rapidly growing submarket of Seversville. The property is a 5 min walk to the new Savona Mill that is being redeveloped just West of the property. Completion is expected sometime in 2023.
  • Built in 1966 but completely renovated in 2018. Renovations included roofs, parking lots, A/C units, appliances, paint, new flooring, new windows etc.
  • The property is currently 100% leased with rents all below market.
About Charlotte, NC
  • Charlotte, also known as “Queen City”, is located in Mecklenburg County and is the largest city in NC and one of the fastest growing cities in the United States. The population in 2021 was over 800,000 people. The city has many opportunities to live and work. Charlotte is a southern town with a urban feel. From unique restaurants to shops and entertainment, Charlotte has plenty to offer for everyone.
  • Charlotte has many local attractions that are popular to locals and tourists. These include the NASCAR Hall of Fame, The Billy Graham Library, Discovery Place, Carowinds, and the U.S. National Whitewater Center, just to name a few. Charlotte is also known for the variety of sports teams such as the Carolina Panthers, Charlotte Hornets, Charlotte FC Soccer and Charlotte Motor Speedway.
  • According to Forbes, Charlotte ranks 1st among the top 10 cities with the best employee engagement. In Charlotte there are eight Fortunue 500 companies. These include Lowes, Bank of America, Nucor, Honeywell, Duke Energy, Truist Financial, Sonic Automotive and Brighthouse Financial.
About Seversville
  • Seversville is located in a rapidly-growing area of Charlotte, North Carolina. Seversville is less than three miles from uptown Charlotte and about two miles from the nearest light rail.
  • The neighborhood is accessible to interstates and public transportation. Seversville goes back to the 1800s and is considered a "hidden treasure" in West Charlotte. The new Savona Mill is only a five minute walk from Seversville.
Savona Mill
  • Savona Mill is a old textile mill that is over 100 years old. This mill is located near Charlotte’s central business district and is to be converted into around 200,000 SF of Class A office and retail space. Savona Mill is planned to be occupied by 2023. Savona Mill will have direct access to Charlotte’s greenway and parks.
  • Savona Mill is only 0.3 miles away from the property and is a short 5 minute walk, making this a convenient location for tenants.
FOR MORE DETAILS CONTACT
Spencer Crigler
Director of Brokerage Services
(704) 765-4620
spencer@onealliancecompanies.com
Paula Quickel
VP of Brokerage
(704) 765-4620
paula@onealliancecompanies.com