Charlotte · Charlotte, NC
1040 Drummond Avenue
Charlotte, NC · 1,181 sqft
$575,000
- 3Beds
- 1Baths
- 1,181SqFt
- 1948Year
- 33x47x119x35x76x100Lot
- 57Days on market
About this home
BACK OF THE MARKET!
Excellent location! Property sold AS IS. In the heart of Charlotte’s hottest neighborhood, close to Uptown, NoDa, and North Campus, this rare investment opportunity offers exceptional potential. Zoned for a duplex or triplex, the property sits moments from eclectic dining, breweries, arts venues, and the Light Rail—one of the most sought-after pockets of the city.
Whether you’re planning to build, redevelop, or hold as a long-term rental, the location alone makes this a high-demand asset. Surrounded by strong rental comps, walkable amenities, and ongoing growth, this property is perfectly positioned for investors looking for reliable returns and future appreciation. Homes in this area move fast—this one will not last.
Serious inquiry only!
Property details
- Beds
- 3
- Baths
- 1
- SqFt
- 1,181
- Lot
- 33x47x119x35x76x100
- Year built
- 1948
- Type
- Single Family
- Days on market
- 57
- Style
- Ranch
- Heating
- Natural Gas
- Cooling
- Central Air
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$4,231/ month
- Principal & interest
- $3,561
- Property tax (~1.05%)
- $503
- Homeowners insurance
- $167
- HOA dues
- —
Down payment
$28,750 down · $546,250 financed
Income to qualify (28% rule)
~$181,370 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.
