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- Description
- Property Details
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Street View
$575,000
Monthly Est:$2,862
6 Beds
6 Baths4 full baths + 2 half baths
2,640sqft
427 B Arbor Dr, Waxhaw, NC 28173
$575,000
$2,862/moEst:
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Duplex
Built in 2021
$-- HOA
0.11 acre lot
$218/sq.ft
Description
An excellent downtown Waxhaw investment opportunity offering the combination of current rental income and immediate lease-up flexibility. Built in 2022, this duplex contains approximately 2,624 total square feet, with each residence offering three bedrooms, two-and-a-half baths and approximately 1,320 square feet.
Both units feature open-concept main-level living, modern finishes, granite countertops, shaker-style cabinetry, durable laminate flooring on the main level, carpeted bedrooms upstairs, washer/dryer connections and driveway parking. The property is convenient to downtown Waxhaw shopping, dining and community amenities, with the Waxhaw Library located nearby.
Unit C is currently leased at $1,750 per month. Unit D is vacant and is currently being marketed for lease at $1,800 per month, giving the next owner the flexibility to select the next tenant, establish the new lease terms or potentially occupy one side, subject to applicable lease and financing requirements.
Based on the current $1,750 rent and the vacant unit’s $1,800 advertised rent, projected stabilized gross income is $3,550 per month, or $42,600 annually. At the $575,000 asking price, that represents an approximate 7.41% stabilized gross yield before operating expenses. Projected income is based on the vacant unit being leased at its current advertised rental rate and is not guaranteed. Gross yield is not a cap rate and does not deduct taxes, insurance, utilities, maintenance, vacancy, management or capital reserves.
This property offers an appealing balance for an investor: income already in place from one unit, combined with immediate control over the second unit. Lease documentation, rental history and available financial information may be reviewed during due diligence.
A companion fully occupied duplex containing two additional three-bedroom rental units is also being offered separately, creating the opportunity to acquire both buildings as a four-unit portfolio, subject to availability. See companion MLS 4415402. Buyer is always encouraged to verify all property information, square footage, leases, projected income and expenses.
****virtual staging used! There are mounted sconces represented in the primary bedroom that are not present! that is virtual staging only****
- Houzeo last checked: 3 minutes ago
- Listing updated: August 24, 2026 at 5:50 pm
- Listing Provided by: Megan Banks (704) 905-8689 | David Hoffman Realty Charlotte (704) 237-0485
- Source: Canopy MLS | MLS#: 4415435
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
2021
HOA Fees
-
Finished Area
2,640 sqft
Lot Size
0.11 acre lot
Basement Area
- sqft
MLS Name
Canopy MLS
MLS Number
4415435
MLS Status
Active
Days on Market
62
Cumulative Days on Market
4
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 6
Interior
Flooring
Carpet, Laminate
Appliances
Dishwasher, Electric Range, Microwave
Interior Features
Open Floorplan, Pantry
Heating
Central, Electric, Heat Pump
Window Features
Insulated Window(s)
Sewer
Public Sewer
Cooling
Ceiling Fan(s), Central Air, Electric
Construction
Year Built
Year Built: 2021
Home type
Duplex
Architectural Style
Arts And Crafts
Construction Materials
Fiber Cement
Foundation Details
Crawl Space
Roof
Composition
Utilities & Energy
Utilities
Electricity Connected
Laundry Features
In Unit, Inside, Laundry Closet, Main Level, Washer Hookup
Parking Features
Driveway, Parking Space(s)
Water Source
City
Other Features
Tenant Pays
All Utilities
Lot Features
Sloped
Subdivision Name
None
Community Features
None
Patio And Porch Features
Covered, Front Porch
Price History
| Date | Event | Price |
|---|---|---|
08/20/2026 Source: #CAR4415435 | Listed for Sale | $575,000 $218/sqft |
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Based on information submitted to the MLS GRID from Canopy MLS through Oct 21, 2026, 10:19AM. All data is obtained from various sources and may not have been verified by the 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. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties which the consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. ©2026 Canopy MLS. All Rights Reserved.
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