300 E Charlotte Avenue
Mount Holly, NC, 28120 $ 4,250,000
Bedrooms56 Baths28.28 Sq 28,000 Monthly Estimate*
$ 29,354
for $4,250,000 with 56 bedrooms and 28 full baths, 28 half baths. This 28,000 square foot home was built in 1973 on a lot size of 1.87.
THE PROPERTY - The 28 at Mount Holly is a 28-unit townhome community situated one block from downtown Mount Holly, NC — approximately 20 minutes from Uptown Charlotte. Every unit is a two-bedroom, one-and-a-half bathroom townhome averaging 1,000 square feet, featuring in-unit washer/dryer hookups, private patios, and fully renovated interiors. Following a comprehensive $1.4M renovation completed in 2025, the Property offers investors a turn-key, low-maintenance multifamily asset in one of the Charlotte MSA's most accessible suburban markets. $1.4M IN RECENT CAPITAL IMPROVEMENTS - A property-wide renovation completed in 2025 addressed every major component— exterior and interior — with no near-term capital requirements for a new owner. Improvements include: New parking lot overlay, exterior paint, gutters & downspouts, full HVAC replacement across all units, new windows, sliding glass doors, and smart lock front doors. Add'l Interior upgrades: new cabinets and shelving, granite countertops and backsplash, luxury vinyl plank flooring, and stainless steel appliances. The property also has recently implemented individual water/sewer sub-metering, eliminating a significant landlord expense, and a bundled cable & internet package, generating incremental NOI while offering a convenient service. PROVEN RENT GROWTH WITH REMAINING UPSIDE - The seller's post-renovation lease-up strategy has produced a current averagein-place rent of $1,314/month, with rents ranging from $1,275 to $1,440 across the property. The $165 spread between the lowest and highest in-place rents— achieved within the same renovated unit type — demonstrates clear market acceptance at the top of the range. A new owner has a straightforward path to capture loss-to-lease as below-market leases roll, with no speculative assumptions required. MAIN & MAIN LOCATION - The Property sits one block from the heart of downtown Mount Holly — home torestaurants, coffee shops, breweries, and the Carolinas' oldest legal distillery. Convenient access to I-485 connects residents to Uptown Charlotte, Gastonia, and major employment corridors throughout the MSA. Notably, the Olde Mecklenburg Brewery is opening a Beer Garden and Tap Room in downtown Mount Holly in Fall 2026, with planned mixed-use development and an extensive renovation of Veterans Park further cementing the area's trajectory as a destination submarket. The Property is located within a FEMA-designated flood zone and was impacted by Hurricane Helene in 2024. Ownership undertook landscaping remediation to reducefuture exposure, and the Property carries flood insurance. Buyers should review applicable flood zone designations as part of their due diligence.
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FeaturesGeneralLiving Area 28000
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Appliances Dishwasher Electric Range Electric Water Heater Microwave Oven Refrigerator with Ice Maker Self Cleaning Oven
Patio/Porch Features Patio
Construction Materials Brick Partial
Pets Allowed Yes
Year Built 1973
Tenant Pays All Utilities
Property Subtype Apartment
Parcel Number 123622
County Gaston
New Construction N
Property Type Residential Income
HOA N
Garage Y/N N
Full Baths 28
High School Stuart W Cramer
City Mount Holly
Senior Community Y/N N
Number Of Units Total 28
Lot Size Units Acres
Carport Y/N N
Elementary School Rankin
Middle/Junior High School Mount Holly
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 2253180
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ExteriorParking Features Parking Lot
Water Source City
Lot Size Area 1.87
Foundation Details Slab
Building Area Total 28000
Road Surface Type Asphalt Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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InteriorBasement (Y/N) N
Above Grade Finished Area 28000
Half Baths 28
Laundry Features Electric Dryer Hookup In Unit Washer Hookup
Total Bedrooms 56
Below Grade Finished Area 0
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* Excluded FeaturesList ByGreysteel North Carolina LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $29,354
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Mount Holly, NC
Average List Price $1,845,000
Percent of Sale Price 57%
About Mount Holly, NC 15,532 Population
38% Since 2002
$ 46,335 Median Income
38.86 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
1090015 Elementary School
752188 Middle School
Stuart W Cramer High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/1/2026 | $4,250,000 | | Listed Price |