Courtesy of: Zach Francis, Francis Real Estate Group, Inc, zach@francisteam.com
Courtesy of: Zach Francis, Francis Real Estate Group, Inc, zach@francisteam.com
$425,000
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3 bed
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2.00 Bath (2 Full)
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Lot: 0.75 Acres
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Single Family Residence
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$425,000
1319 Cathey Road INVESTOR OPPORTUNITY WITH MAJOR UPSIDE! This expansive 2, 800 sq ft ranch offers incredible potential for the savvy investor, builder, or renovator. Featuring 3 bedrooms, 2 bathrooms, and a spacious bonus/entertainment room, the layout provides a strong foundation for a high-value transformation. The property includes an attached 1-car garage plus a large, detached shop with driveway-perfect for car enthusiasts, woodworkers, or those operating a home-based business. Ideally located directly across from Paw Creek Elementary, and just minutes to I-485, Charlotte Douglas International Airport, and Uptown Charlotte, this property offers both convenience and long-term value. Optional access to the Coulwood community pool adds additional appeal. Zoned N1-A (buyer to verify with the City of Charlotte), this parcel presents excellent redevelopment potential, with the possibility for multiple homes, duplexes, or triplexes. Important Notes: Property does have significant termite damage affecting the front two bedrooms and living room (including floor joists, subflooring, and portions of the sill plate). Estimated repair cost is approximately $35, 000 - $40k) Sold AS-IS, with pricing reflective of condition. ARV could be over $600k. CASH, FHA 203k Renovation Loan, or Hard Money Lender
Courtesy of: Zach Francis, Francis Real Estate Group, Inc, zach@francisteam.com
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