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.
Property Type(s):
Multi Family
|
Year Built
|
1920
|
County
|
Cabarrus
|
SCHOOLS
| Elementary School |
Unspecified |
| Jr. High School |
Unspecified |
| High School |
Unspecified |
Additional Details
| AIR |
Central Air, Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Oven, Refrigerator, Washer |
| HEAT |
Heat Pump |
| LOT |
0.41 acre(s) |
| LOT DIMENSIONS |
0.41 |
| MLS STATUS |
Active |
| PARKING |
Driveway |
| SEWER |
Public Sewer |
Location
Listed with The Virtual Realty Group
Date last updated: 1/7/26 7:21 PM PST
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This IDX solution is (c) Diverse Solutions 2026.
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