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Charlotte · Charlotte, NC

1040 Drummond Avenue

Charlotte, NC · 1,181 sqft

$565,000

Reduced from $575,000

  • 3Beds
  • 1Baths
  • 1,181SqFt
  • 1948Year
  • 33x47x119x35x76x100Lot
  • 101Days on market

About this home

Prime Location, Endless Potential — Sold AS IS!

Here's your chance to get into one of Charlotte's hottest neighborhoods at an incredible value! Located just minutes from Uptown, NoDa, and North Campus, this property needs some TLC but offers huge upside for the right buyer. Perfect for a first-time buyer ready to build sweat equity, or an investor looking for a high-return project — this home is zoned for a duplex, triplex, or quadplex, opening the door to redevelopment, rental income, or a full renovation. Nearby homes in this sought-after pocket of Charlotte are selling for over $1 million, making this a rare opportunity to buy in below market value with serious room to grow. You're steps from eclectic dining, breweries, arts venues, and the Light Rail — walkability and lifestyle appeal that keeps this area in high demand. Strong rental comps, booming growth, and a prime location make this a smart buy whether you're planning to renovate, rebuild, or hold long-term. Homes like this don't last — bring your vision and make it yours!

Serious inquiries only.

Property details

Beds
3
Baths
1
SqFt
1,181
Lot
33x47x119x35x76x100
Year built
1948
Type
Single Family
Days on market
101
Style
Ranch
Heating
Natural Gas
Cooling
Central Air
Foundation
Crawl Space

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$4,158/ month

Principal & interest
$3,499
Property tax (~1.05%)
$494
Homeowners insurance
$164
HOA dues

Down payment

$28,250 down · $536,750 financed

Income to qualify (28% rule)

~$178,216 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.

Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.

Location

About Charlotte

Metro core · Multi-ZIP coverage

The metro itself — Christy works Charlotte across multiple sub-markets, from the inner-ring streetcar suburbs through Ballantyne and the East side.

Explore Charlotte

Similar in Charlotte

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.