300 Charlotte Avenue, Mount Holly NC
- 56 Bed
- 1.9 ac
For Sale $4,250,000
Remarks:
THE PROPERTY - The 28 at Mount Holly is a 28-unit townhome community situated one block from downtown Mount Holly, NC — approximately 20 minutes from Uptown Charlotte. Every unit is a two-bedroom, one-and-a-half bathroom townhome averaging 1,000 square feet, featuring in-unit washer/dryer hookups, private patios, and fully renovated interiors. Following a comprehensive $1.4M renovation completed in 2025, the Property offers investors a turn-key, low-maintenance multifamily asset in one of the Charlotte MSA's most accessible suburban markets. $1.4M IN RECENT CAPITAL IMPROVEMENTS - A property-wide renovation completed in 2025 addressed every major component— exterior and interior — with no near-term capital requirements for a new owner. Improvements include: New parking lot overlay, exterior paint, gutters & downspouts, full HVAC replacement across all units, new windows, sliding glass doors, and smart lock front doors. Add'l Interior upgrades: new cabinets and shelving, granite countertops and backsplash, luxury vinyl plank flooring, and stainless steel appliances. The property also has recently implemented individual water/sewer sub-metering, eliminating a significant landlord expense, and a bundled cable & internet package, generating incremental NOI while offering a convenient service. PROVEN RENT GROWTH WITH REMAINING UPSIDE - The seller's post-renovation lease-up strategy has produced a current averagein-place rent of $1,314/month, with rents ranging from $1,275 to $1,440 across the property. The $165 spread between the lowest and highest in-place rents— achieved within the same renovated unit type — demonstrates clear market acceptance at the top of the range. A new owner has a straightforward path to capture loss-to-lease as below-market leases roll, with no speculative assumptions required. MAIN & MAIN LOCATION - The Property sits one block from the heart of downtown Mount Holly — home torestaurants, coffee shops, breweries, and the Carolinas' oldest legal distillery. Convenient access to I-485 connects residents to Uptown Charlotte, Gastonia, and major employment corridors throughout the MSA. Notably, the Olde Mecklenburg Brewery is opening a Beer Garden and Tap Room in downtown Mount Holly in Fall 2026, with planned mixed-use development and an extensive renovation of Veterans Park further cementing the area's trajectory as a destination submarket. The Property is located within a FEMA-designated flood zone and was impacted by Hurricane Helene in 2024. Ownership undertook landscaping remediation to reducefuture exposure, and the Property carries flood insurance. Buyers should review applicable flood zone designations as part of their due diligence.
General Information:
| List Price: | $4,250,000 |
| Status: | For Sale |
| Bedrooms: | 56 |
| Type: | Apartment |
| Parking: | Parking Lot |
| MLS Number: | CAR4388531 |
| Year Built: | 1973 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Rankin |
| Middle: | Mount Holly |
| High: | Stuart W Cramer |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 06-14-2026 | Listed | $4,250,000 | N/A |
| 08-27-2025 | Under Contract | $325,000 | N/A |
| 08-08-2025 | Listed | $325,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Ida Rankin Elementary School | 0 miles | PK-05 | 6 |
| Catawba Heights Elementary School | 2 miles | PK-05 | 4 |
| Pinewood Elementary School | 2 miles | PK-05 | 5 |
| North Belmont Elementary School | 3 miles | PK-05 | 4 |
| Paw Creek Elementary | 4 miles | PK-05 | 4 |
| Mountain Island Charter School | 4 miles | KG-06 | 8 |
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.
Properties For Sale Nearby
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 |
| 300 Charlotte Avenue, Mount Holly NC | 0 mi | $4,250,000 | days | |
| 422 Wilson Street, Mount Holly NC | 0.2 mi | $1,000,000 | days | |
| 326 Alexander Street, Mount Holly NC | 0.3 mi | $215,000 | days | |
| 401 Lee Street, Mount Holly NC | 0.4 mi | $349,999 | days | |
| 319 Glendale Avenue, Mount Holly NC | 0.4 mi | $320,000 | days | |
| 312 & 314 Charlotte Avenue, Mount Holly NC | 0.4 mi | $345,000 | days |
Sold Properties Nearby
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 |
Commute Distance & Time
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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 |
Demographic Data For Zip 28120
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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.
Property Listing Information
A Courtesy Listing Provided By Greysteel North Carolina LLC
300 Charlotte Avenue, Mount Holly NC is a ft2 on a 1.870 acres Appraisal lot. This is for $4,250,000. This has 56 bedrooms, baths, and was built in 1973.
Based on information submitted to the MLS GRID as of 2026-06-14 10:30:42 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
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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