1554 Barringer ST new Save Request In-Person Tour Request Virtual Tour
Mount Pleasant,NC 28124
Key Details
Property Type Multi-Family
Sub Type Fiveplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $233
MLS Listing ID 4313511
Bedrooms 2
Full Baths 1
Abv Grd Liv Area 3,400
Year Built 1920
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Fiveplex
Property Description
This stabilized 5-unit multifamily portfolio includes one single-family residence (1554 Barringer) plus a fourplex (1558, 1562, 1566, 1568 Barringer). Each unit is separately metered for water and electricity, with tenants responsible for their own utilities.
Property Highlights:
1554 Barringer (SFR): Completely converted to a 3BR/2BA home with full plumbing rehabilitation, an added bathroom with high ceiling, and a vacuum barrier. Certificate of Completion on file.
Fourplex Improvements: Roof replaced; brand-new gutter system; newly extended concrete driveway; new centralized mailbox bank.
Interior Upgrades (1566 & 1568): Units fully redone with LVP flooring, new appliances (stove and washer) and new window units in 1568, freshly painted interiors and cabinets, updated switches/fixtures, and added washer/dryer connections.
Additional Updates: New lighting fixtures throughout rehabbed units
Lawn maintenance: $20 per month (the SFR tenant has to do lawn as part of their lease agreement)
With updated systems, durable LVP flooring, in-unit laundry connections, and tenants covering all utilities, this package offers strong cash flow with minimal landlord responsibility. Professional management is currently in place at 8%.
Located in the growing Mount Pleasant submarket of Cabarrus County, this property benefits from convenient access to Concord, Kannapolis, and the Charlotte metro, supporting ongoing rental demand.
Location
State NC
County Cabarrus
Zoning RH
Interior
Heating Heat Pump
Cooling Central Air,Window Unit(s)
Flooring Vinyl
Appliance Dishwasher,Oven,Refrigerator,Washer
Laundry Electric Dryer Hookup,Laundry Room,Washer Hookup
Exterior
Street Surface Concrete,Gravel
Garage false
Building
Dwelling Type Site Built
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Aluminum,Brick Partial
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Senior Community false
Acceptable Financing Cash,FHA,USDA Loan,VA Loan
Listing Terms Cash,FHA,USDA Loan,VA Loan
Special Listing Condition None