Since its inception in the 1890′s, Dilworth has been one of Charlotte’s most distinct neighborhoods. Developed as the city’s first suburb, Dilworth was connected to downtown by Charlotte’s first electric streetcar. The success of the initial development of Dilworth led its creator, Edward Dilworth Latta, to expand the neighborhood in the 1910′s, under a plan by the Olmstead Brothers, then the nation’s preeminent landscape designers.
Although their plan was never fully implemented, the Olmstead’s curved roads and dramatic landscaping set the tone for much of Charlotte’s future character. In 1987, Dilworth was listed on the National Register of Historic Places.
GREAT REDEVELOPMENT OPPORTUNITY with this prime DILWOTH lot location close to uptown Charlotte. A classic style income producing duplex property currently exists on the lot. The property could be redeveloped for single family or multi-family. (Consult County zoning) Buyer can receive many great immediate benefits in the form of rental cash flow, tax savings, principal reduction & property appreciation while formulating any redevelopment plan. This property has an outstanding return on investment history (15.6% annual ROI) Many use options for this property might include- standard duplex rental, live in one side & rent the other side, renovate, expand, or build a new single family home. Located within walking distance to restaurants, shopping, Freedom Park, Latta Park and South End. Minutes from downtown, all sports arenas, the airport & major Hwys. Schools are among the best in the area. Please contact the listing agent for all questions or request for financials and rent information.
| MLS#: | 4084353 |
| Price: | $819,000 |
| Square Footage: | 2021 |
| Bedrooms: | 4 |
| Bathrooms: | 2 |
| Acreage: | 0.15 |
| Year Built: | 1956 |
| Type: | Single Family Residence |
| Virtual Tour: | Click here |
| Listing courtesy of: | Greater Charlotte Properties - Frank@GreaterCharlotteProperties.com |
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