About this property
A 1959 brick ranch in Charlotte's Shamrock Hills neighborhood: one story, three bedrooms, two baths, and 1,174 square feet on a roughly quarter-acre lot with an irregular shape. Brick exterior, architectural shingle roof, and forced-air gas heat.
Its role in the portfolio
The first physical foothold in the North Carolina expansion described on our Strategy page — a single-family acquisition rather than the multifamily deals we're underwriting there, but the same Clark-Fulton-style thesis: a solid, below-replacement-cost home in a neighborhood with real rental demand.
Details
- Property type
- Ranch, 1 story
- Lot
- 0.26 acres (irregular)
- Exterior
- Brick
- Roof
- Architectural shingle
- Heating
- Forced warm air, gas
- Monthly rent
- Not yet leased
- Acquisition price
- $245,000