427 A Arbor Drive
Waxhaw, NC, 28173 $ 575,000
Bedrooms6 Baths4.2 Sq 2,640 Monthly Estimate*
$ 3,971
for $575,000 with 6 bedrooms and 4 full baths, 2 half baths. This 2,640 square foot home was built in 2021 on a lot size of 0.113.
Rare opportunity to acquire a newer-construction, fully occupied duplex in the heart of downtown Waxhaw. Built in 2022, this two-unit property offers approximately 2,624 total square feet, with each residence providing three bedrooms, two-and-a-half baths and approximately 1,320 square feet. Both units feature open-concept main-level living, modern finishes, granite countertops, shaker-style cabinetry, durable laminate flooring on the main level, carpeted bedrooms upstairs, washer/dryer connections and driveway parking. The location is convenient to downtown Waxhaw shopping, dining and community amenities, with the Waxhaw Library just around the corner. Both residences are currently leased at $1,750 per month, producing $3,500 in gross monthly scheduled rent and $42,000 in gross annual scheduled rent. At the $575,000 asking price, that represents an approximate 7.30% in-place gross yield before operating expenses. Gross yield is not a cap rate and does not deduct taxes, insurance, utilities, maintenance, vacancy, management or capital reserves. This is an attractive opportunity for an investor seeking immediate income, two substantial three-bedroom rental residences and a newer multifamily asset in a highly convenient downtown location. Lease documentation and available financial information may be reviewed during due diligence. A companion duplex containing two additional three-bedroom rental units is also being offered separately, creating the opportunity to acquire both buildings as a four-unit portfolio, subject to availability. See companion MLS #4415435. Buyer is always strongly encouraged to verify all property information, square footage, leases, income and expenses. ****virtual staging used! There are mounted sconces represented in the primary bedroom that are not present! that is virtual staging only****
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FeaturesGeneralLiving Area 2640
Sewer Public Sewer
Heating Central Electric Heat Pump
Cooling Ceiling Fan(s) Central Air Electric
Utilities Electricity Connected
Roof Composition
Appliances Dishwasher Electric Range Microwave
Development Status Completed
Patio/Porch Features Covered Front Porch
Architectural Style Arts and Crafts
Construction Materials Fiber Cement
Pets Allowed Conditional
Year Built 2021
Tenant Pays All Utilities
Stories Count 2
Property Subtype Duplex
Parcel Number 05-115-055-A
Waterfront Features None
Community Features None
County Union
New Construction N
Property Type Residential Income
HOA N
Subdivision Name None
Garage Y/N N
Other Structures None
Full Baths 4
High School Parkwood
City Waxhaw
Senior Community Y/N N
Open Parking Spaces 4
Number Of Units Total 2
Lot Size Units Acres
Carport Y/N N
Elementary School Waxhaw
Middle/Junior High School Parkwood
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 487000
Listing Terms Cash Other - See Remarks
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InteriorInterior Amenities Open Floorplan Pantry Storage
Flooring Carpet Laminate
Basement (Y/N) N
Window Features Insulated Window(s)
Fireplace Y/N N
Above Grade Finished Area 2640
Half Baths 2
Laundry Features In Unit Laundry Closet Main Level Washer Hookup
Total Bedrooms 6
Below Grade Finished Area 0
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ExteriorParking Features Driveway Parking Space(s)
Lot Features Sloped
Water Source City
Lot Size Area 0.113
Foundation Details Crawl Space
Building Area Total 2640
Road Surface Type Concrete Paved
Other Parking There are 2 parking spaces per unit
Door Features Insulated Door(s)
Road Responsibility Publicly Maintained Road
Horse Amenities None
Main Level Garage YN N
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* Excluded FeaturesList ByDavid Hoffman Realty CharlotteBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,971
- 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 Waxhaw, NC
Average List Price $575,000
Percent of Sale Price 0%
About Waxhaw, NC 16,576 Population
317% Since 2002
$ 87,170 Median Income
37.82 Median Age
51% Households with Children
Trends Information provided by ATTOM Data Solutions.
294218 Elementary School
293270 Middle School
Parkwood High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/20/2026 | $575,000 | | Listed Price |