2416 Julia Avenue — Charlotte, NC

Closed: Friday, July 11, 2025

Units: 12

Year Built: 1965

Structure: Full brick, two-bedroom, one-bath residences

Property Overview:

Located in Charlotte’s rapidly evolving Enderly Park neighborhood, 2416 Julia Avenue is a twelve-unit multifamily asset comprised of full-brick duplexes originally constructed in 1965. Each unit features two bedrooms and one bathroom, with spacious layouts and strong potential for long-term value through thoughtful improvements. The property sits on just under one acre and was last traded over 20 years ago, showing minimal capital investment since acquisition.

The Business Plan:

Following years of deferred maintenance and under-management, our value-add strategy focuses on restoring dignity and function to this asset through essential infrastructure upgrades and resident-focused improvements. Scope of work includes: repaving the parking lot, removing dead trees for improved safety and curb appeal, repairing and modernizing all electrical and plumbing systems, and installing washer/dryer connections in each unit. We are also implementing standardized maintenance protocols and responsive property management systems to ensure safe, clean, and consistent living conditions for all residents.