Mary Anne Michael
REALTOR®
BEDS3
BATHS2 full
SQUARE FEET2,810
MLS#4366814
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONCoulwood
Property Description
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
Property Features
Property Type: Residential - Single Family
Fenced: Yes
Garage: 4 car attached
Heating: Central, Ductless
Lot Size: 0.75 Acres
Roof Type: Architectural Shingle
Year Built: 1958
Feature Descriptions
Appliances: Dishwasher, Gas Cooktop
Community Features: Outdoor Pool
Days on Site: 10
Exterior: Brick Full, Cedar Shake, Stone
Fireplace: Great Room, Living Room
Flooring: Tile, Wood
Foundation: Crawl Space
Laundry: Electric Dryer Hookup, Inside
Lot: Level
Other Structures: Auto Shop, Outbuilding, Workshop
Parcel#: 031-049-11
Parking: Attached Garage, Garage Shop
Patio/Porch: Covered, Front Porch
Security: yes
Security: Security System
Sewer: Public Sewer
Utilities: Cable Available, Natural Gas
Water: City
Local Schools
High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified
Listed By / Shown By
Listed By
Agency Name: Francis Real Estate Group, Inc
Agency Contact: Zach@FrancisTeam.com
Shown By
Agent Name: Mary Anne Michael
Agent Phone: (704) 728-5749
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 2,385.99 per month $2,262.03 Principal & Interest $0.00 Property Tax (data not provided by mls) $123.96 Homeowner's InsuranceChange Payment Information
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1319 Cathey Road | MLS# 4366814
This single family home located at 1319 Cathey Road, Charlotte, NC 28214 is currently listed for sale with an asking price of $425,000. This property was built in 1958 and has 3 bedrooms and 2 full baths with 2810 sq. ft. Cathey Road is located in the Coulwood subdivision. Search Coulwood real estate on maryannem.lakenormanrealty.com today.