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Charlotte · Charlotte, NC

9547 University Terrace Drive #E

Charlotte, NC · 1,089 sqft

$249,000

  • 4Beds
  • 2Baths
  • 1,089SqFt
  • 1992Year
  • 2Days on market

About this home

Fully rented University Terrace Condo Investment Property. Building is close to UNCC with easy access to the crosswalk for access to University bus stops at the parking lots across the street. Second floor unit with an open floor plan. 4 bedrooms and 2 baths. Currently leased. Units rent by bedrooms. Three 1 year leases through July 31,2027 and 1 is currently month to month. Each person has their own bedroom and there are 2 shared bathrooms. Leases must remain in place through the end of the leases. Will be available with an accepted offer. $500.00 per bedroom with owner covering $50.00 of utilities (max 200 per month). Any amount over $200.00 is split between tenants. Laminate and vinyl flooring. Baths have had new vanities in the last 2 years. Tenants require up to a 48 hour notice for showings and LA must accompany. DO NOT Disturb Tenants without an appointment.

Property details

Beds
4
Baths
2
SqFt
1,089
Lot
Year built
1992
Type
Condo
Days on market
2
Heating
Central
Cooling
Central Air
Foundation
Slab
Flooring
Laminate, Vinyl
HOA dues
$265 / mo

Features

  • Lawn Maintenance

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance, HOA

$2,097/ month

Principal & interest
$1,542
Property tax (~1.05%)
$217
Homeowners insurance
$72
HOA dues
$265

Down payment

$12,450 down · $236,550 financed

Income to qualify (28% rule)

~$89,898 / 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

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