For Sale $795,000
Back on market due to no fault of seller. This stabilized 5-unit multifamily portfolio includes one single-family residence (1554 Barringer) plus a fourplex (1558, 1562, 1566, 1568 Barringer). Each unit is separately metered for water and electricity, with tenants responsible for their own utilities. Property Highlights: 1554 Barringer (SFR): Completely converted to a 3BR/2BA home with full plumbing rehabilitation, an added bathroom with high ceiling, and a vacuum barrier. Certificate of Completion on file. Fourplex Improvements: Roof replaced; brand-new gutter system; newly extended concrete driveway; new centralized mailbox bank. Interior Upgrades (1566 & 1568): Units fully redone with LVP flooring, new appliances (stove and washer) and new window units in 1568, freshly painted interiors and cabinets, updated switches/fixtures, and added washer/dryer connections. Additional Updates: New lighting fixtures throughout rehabbed units Lawn maintenance: $20 per month (the SFR tenant has to do lawn as part of their lease agreement) With updated systems, durable LVP flooring, in-unit laundry connections, and tenants covering all utilities, this package offers strong cash flow with minimal landlord responsibility. Professional management is currently in place at 8%. Located in the growing Mount Pleasant submarket of Cabarrus County, this property benefits from convenient access to Concord, Kannapolis, and the Charlotte metro, supporting ongoing rental demand.
| List Price: | $795,000 |
| Status: | For Sale |
| Bedrooms: | 11 |
| Type: | Fiveplex |
| Parking: | Driveway |
| MLS Number: | CAR4313511 |
| Year Built: | 1920 |
| Sewer Type: | Public Sewer |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
| Date | Event | Price | $/SQFT |
| 11-29-2025 | Listed | $795,000 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Mount Pleasant Elementary | 1 miles | KG-05 | 7 |
| A T Allen Elementary | 5 miles | KG-05 | 4 |
| W M Irvin Elementary | 7 miles | PK-05 | 2 |
| R Brown McAllister Elementary | 8 miles | KG-05 | 4 |
| Coltrane-Webb Elementary | 9 miles | KG-05 | 5 |
| Locust Elementary School | 9 miles | KG-05 | 6 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1554 Barringer Street, Mount Pleasant NC | 0 mi | $795,000 | days | |
| 8600 Lee Street, Mount Pleasant NC | 0.1 mi | $374,900 | days | |
| 8720 Lee Street, Mount Pleasant NC | 0.1 mi | $299,900 | days | |
| 1780 Short Street, Mount Pleasant NC | 0.2 mi | $269,900 | days | |
| 1787 Eastover Drive, Mount Pleasant NC | 0.2 mi | $319,000 | days | |
| 1550 Main Street, Mount Pleasant NC | 0.2 mi | $1,850,000 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By Keller Williams Ballantyne Area
1554 Barringer Street, Mount Pleasant NC is a ft2 on a 0.410 acres Appraisal lot. This is for $795,000. This has 11 bedrooms, baths, and was built in 1920.
Based on information submitted to the MLS GRID as of 2025-11-29 12:40:33 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
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