2909 Burgess Drive
Charlotte, NC, 28208 $ 2,000,000
Bedrooms24 Baths12.12 Sq 11,064 Monthly Estimate*
$ 13,814
for $2,000,000 with 24 bedrooms and 12 full baths, 12 half baths. This 11,064 square foot home was built in 1970 on a lot size of 0.76.
Stabilized 12-Unit Townhome Community with Immediate Value-Add Upside: Twelve-unit townhome community comprised entirely of 2-bedroom/1.5-bath units with 10 of 12 units fully renovated to a modern finish level. Two recently renovated vacant units represent immediate lease-up upside, while two below-market occupied units at $995 provide a clear runway to capture additional rent growth upon turn. The highest achieving in-place rent of $1,535 establishes a proven rent ceiling with a direct path to full stabilization. Access to Charlotte's Most Dynamic Destinations: 2 miles from Lower South End (LoSo), Charlotte's emerging hub of breweries, restaurants, retail, and light rail access, home to major employers including Lowe's Tech Hub, USAA, and LendingTree. 2.5 miles from South End, one of Charlotte's most nationally recognized and vibrant live-work-play corridors. 4 miles from Uptown Charlotte, the region's central business district and primary employment core. 4.5 miles from Charlotte Douglas International Airport, the seventh-busiest airport in the world, and a top-three driver of corporate relocation and expansion in the Charlotte region. Premium Interior Renovation Package: Renovated units feature granite countertops, LVP flooring, new carpet, new cabinets, new appliances, vanities, updated modern lighting and fixtures, and washer/dryer connections, a finish level that commands premium rents and supports durable tenant retention in the Charlotte workforce housing segment. Exterior Capital Investment: The property underwent a full exterior refresh in 2023, including a complete siding and trim replacement, which supports strong curb appeal and reduces near-term capital requirements for an incoming investor. Attractive All-Townhome Unit Mix: Exclusively 2-bedroom/1.5-bath two-story townhome floor plans offering renters added privacy, functional layouts, and a more residential living experience than traditional apartment product, a highly desirable configuration in the Charlotte rental market that supports strong leasing velocity and tenant retention.
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FeaturesGeneralLiving Area 11064
Sewer Public Sewer
Heating Baseboard
Cooling Window Unit(s)
Appliances Other
Construction Materials Vinyl
Pets Allowed Yes
Year Built 1970
Tenant Pays All except water
Stories Count 2
Property Subtype Apartment
Parcel Number 14523309
County Mecklenburg
New Construction N
Property Type Residential Income
HOA N
Garage Y/N N
Full Baths 12
High School Harding University
City Charlotte
Senior Community Y/N N
Number Of Units Total 12
Lot Size Units Acres
Carport Y/N N
Elementary School Reid Park
Middle/Junior High School J.W. Wilson
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 1157100
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ExteriorParking Features Parking Lot
Water Source City
Lot Size Area 0.76
Foundation Details Slab
Building Area Total 11064
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 11064
Half Baths 12
Laundry Features Electric Dryer Hookup In Unit Washer Hookup
Total Bedrooms 24
Below Grade Finished Area 0
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* Excluded FeaturesList ByAndrew Reed Properties, LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,814
- 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 Charlotte, NC
Average List Price $987,226
Percent of Sale Price 51%
About Charlotte, NC 853,875 Population
49% Since 2002
$ 58,239 Median Income
36.13 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
294701 Elementary School
4906086 Middle School
Harding University High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/15/2026 | $2,000,000 | | Listed Price |