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About This Home
This 3-bedroom, 2-bathroom single family at 1319 Cathey Road in Charlotte, NC is listed for $425,000 ($151 per sqft). Built in 1958, the home offers 2,810 sqft of living space on a 0.75 acres lot.
INVESTOR OPPORTUNITY WITH MAJOR UPSIDE! This expansive 2,800 sq ft ranch offers incredible potential for the savvy investor, builder, or renovator. Featuring 3 bedrooms, 2 bathrooms, and a spacious bonus/entertainment room, the layout provides a strong foundation for a high-value transformation.
The property includes an attached 1-car garage plus a large, detached shop with driveway-perfect for car enthusiasts, woodworkers, or those operating a home-based business. Ideally located directly across from Paw Creek Elementary, and just minutes to I-485, Charlotte Douglas International Airport, and Uptown Charlotte, this property offers both convenience and long-term value.
Optional access to the Coulwood community pool adds additional appeal. Zoned N1-A (buyer to verify with the City of Charlotte), this parcel presents excellent redevelopment potential, with the possibility for multiple homes, duplexes, or triplexes. Important Notes: Property does have significant termite damage affecting the front two bedrooms and living room (including floor joists, subflooring, and portions of the sill plate).
Estimated repair cost is approximately $35,000 - $40k) Sold AS-IS, with pricing reflective of condition. ARV could be over $600k. CASH, FHA 203k Renovation Loan, or Hard Money Lender
Key Features
- Built in 1958
- 0.75 acre lot
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$2,273/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1319 Cathey Road
Charlotte, NC 28214
Coulwood
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 1319 Cathey Road is listed at $425,000 ($151/sqft). The estimated monthly payment is $1,842 based on 20% down at 6.5% interest.
Key features include: Built in 1958, 0.75 acre lot, Fireplace.
This property is listed by Zach Francis and can be reached at 7049426387 or zach@francisteam.com.
