$100,000

About this home

Opportunities like this don't come along often. This six-unit brick apartment building has already cleared the hardest and most expensive stages of redevelopment, giving the next owner a rare opportunity to focus on completing the vision instead of starting from scratch. The building has been completely gutted to the studs, exposing its original brick construction, heavy timber framing, and solid bones. Major demolition is complete, saving months of labor, permitting delays, and costly surprises. Even better, city-approved plans are already in place, allowing construction to move forward without the uncertainty of the approval process. The approved layout includes four 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, creating a desirable unit mix with strong income potential. A brand-new roof eliminates one of the largest capital expenses, while portions of the new framing have already been completed, providing a head start on construction. Throughout the building, historic character shines through with exposed brick, decorative masonry, oversized windows, and timeless architectural details ready to be restored. Whether you're expanding your portfolio, pursuing a value-add project, or creating a long-term income-producing asset, much of the difficult work has already been done. The approvals are secured. The roof is new. The vision is established. This is your chance to transform a classic brick building into a standout multifamily investment. Bring your contractor, your plans, and your vision, then finish what's already well on its way to becoming an exceptional income-producing property.

Property details

MLS #

5229022

Property type

Apartment

Subdivision

Glenhaven

Status

Active

Days on market

N/A

On market date

July 20, 2026

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.11 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).