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Updated over 8 years ago,

Account Closed
  • Full-Time Investor
  • Charlotte, NC
1,562
Votes |
2,280
Posts

Latest New Construction Spec Development Deal in Charlotte, NC

Account Closed
  • Full-Time Investor
  • Charlotte, NC
Posted

Below are photos of our latest speculative development deal.  This was a parcel I purchased for 250k in Charlotte, North Carolina.  I was able to subdivide into 2 separate lots (one of which further approved to have a 2 unit building on).  In essence, I got 3 for sale units in a hot neighborhood I like to build in, and this was my first time attempting townhomes.  We sold the 2,200 sq ft house for 570k.  The 2 townhomes (around 1850 sq ft each) sold for 454,000 and 447,500.  When we designed the 2- unit building, I really wanted an asymmetrical feel to it so it didn't look like a duplex.  Learned a ton in the process!!  Interior pics are of one of the townhomes staged below.  

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