Nestled in the heart of Charlotte's vibrant Villa Heights neighborhood, 1917 Pegram Street presents a rare and compelling investment opportunity. Just a short walk from the bustling NODA district, residents enjoy immediate access to Charlotte's premier nightlife, restaurants, breweries, and the Lynx Blue Line, making this location highly desirable for both short-term and long-term tenants.
The building underwent a complete renovation in 2020, transforming it into a modern, turnkey set of residences. Each unit is thoughtfully outfitted with a full appliance package, including stackable washer/dryer units, ensuring convenience and comfort for tenants. The interiors are fully furnished, reflecting the properties' history as corporate short-term rentals for the past five years. This setup allows a new owner to seamlessly continue short-term operations or pivot to long-term leasing strategies.
The exterior spaces are equally appealing, featuring green space shaded by mature trees and a fenced-in dog/play park, enhancing the livability and charm of the community. With all units vacated intentionally at the end of October 2025, the property offers a clean slate for investors to place vetted tenants on their own terms, maximizing rental income and operational control.
The attached income evaluation of this portfolio is based on a Pro Forma financial model for long-term rentals, which outlines the income potential and projected returns. Given the property proximity to downtown Charlotte, and the ever-growing popularity of NODA, there is significant upside potential. Whether continuing with furnished short-term rentals or transitioning to long-term leases, this quadraplex is a strategic acquisition for investors seeking growth, flexibility, and location-driven value.
Property Type(s):
Multi Family
|
Tract
|
Villa Heights
|
Year Built
|
1969
|
|
Community
|
Villa Heights
|
County
|
Mecklenburg
|
SCHOOLS
| Elementary School |
Unspecified |
| Jr. High School |
Unspecified |
| High School |
Unspecified |
Additional Details
| AIR |
Central Air, Heat Pump |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Oven, Refrigerator, Washer/Dryer |
| HEAT |
Natural Gas |
| LOT |
0.26 acre(s) |
| LOT DIMENSIONS |
0.26 |
| MLS STATUS |
Active |
| PARKING |
Parking Lot |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Traditional |
| SUBDIVISION |
Villa Heights |
| UTILITIES |
Cable Available |
Location
Listed with Coldwell Banker Realty
Date last updated: 1/7/26 6:46 PM PST
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This IDX solution is (c) Diverse Solutions 2026.
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