Rare Investment Property Near Uptown Charlotte

1104 Cedarwood Lane, Charlotte NC 28212

Are you looking for a rare investment property near Uptown Charlotte? This is your chance to own a piece of prime real estate close to the heart of Charlotte. This property, located on a tree-lined canopy street, sits on a sprawling 1.13-acre lot just outside Uptown. It’s perfect for investors, builders, and contractors looking for a unique project.

Prime Location

This property is situated in a prime location, just minutes from Uptown Charlotte. Despite being so close to the city, the lot backs up to Parkland Reserve, giving you a feeling of being miles away from the hustle and bustle. Therefore, this is a rare opportunity to get this close to Uptown while enjoying privacy and nature.

Features and Potential

This Coventry Woods property showcases:

• Price: $250,000
• 3 Bedrooms
• 2 Bathrooms
• Original hardwood flooring under the carpet
• Attached 2-car garage with access via an enclosed sunroom
• 1.13-acre lot
• No HOA
• Close to Uptown
• Spacious land
• MLS# 4137251

Under the carpet, there appears to be original hardwood flooring, adding to the potential charm of this home. Additionally, the property includes an attached 2-car garage accessible via an enclosed sunroom. However, it’s important to note that the home needs significant repairs and updates. The seller, an estate, makes no representations about the condition of the property, which includes some galvanized pipes, water and drainage issues, and structural concerns. But for those willing to invest the time and resources, this property holds great potential.

Gallery – Click here to see the full list

Important Considerations

The bedroom over the basement was added in the 70s by a previous contractor-owner, but no permits were found for this addition. Moreover, tax records list the home as a 2-bedroom property. Not all rooms have hardwood flooring; the primary bedroom and kitchen do not appear to have it. The basement/crawl space does get water during storms, likely due to grading and gutter issues. A crawl space expert suggested that if initial repairs don’t work, a sump pump might be needed.

As-Is Sale

This property is being sold as-is. The seller will make no repairs and will not delay the sale for repairs. Consequently, this is a great opportunity for those looking to invest in a property with potential, close to Uptown Charlotte. With some love and attention, this home could become a valuable investment or a beautiful place to live.

Click the following links to download the inspection report and floor plan, or if you prefer, please email real.estate.charlotte.101@gmail.com.

Parkland Reserve

The 29+ acres behind the property are owned by the County and designated as Parkland Reserve, reserved for future park uses. Furthermore, this adds to the appeal of the property, providing a natural buffer and a sense of tranquility.

Don’t miss out on this rare investment property near Uptown Charlotte. Act now and transform this hidden gem into something truly special! Reach out to us, and we’ll be delighted to assist you. Stay tuned for all updates! Follow us on social media, Facebook, Instagram, and YouTube. Check out below our video for this property.

.

.

.

Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.