Charlotte · Charlotte, NC
1319 Cathey Road
Charlotte, NC · 2,810 sqft
$399,900
Reduced from $425,000
- 3Beds
- 2Baths
- 2,810SqFt
- 1958Year
- 38Days on market
About this home
BACK ON MARKET NO FAULT OF SELLER. INVESTOR OPPORTUNITY WITH MAJOR UPSIDE! This expansive 2,800 sq ft ranch + SHOP 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 house could EASILY BE MADE A 4 Bedroom (its practically setup as a 4 bedroom but just needs a small wall and a door.
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).
Sold AS-IS, with pricing reflective of condition. ARV could be over $600k. CASH, FHA 203k Renovation Loan, or Hard Money Lender
Property details
- Beds
- 3
- Baths
- 2
- SqFt
- 2,810
- Lot
- —
- Year built
- 1958
- Type
- Single Family
- Days on market
- 38
- Garage
- 4
- Heating
- Central, Ductless
- Cooling
- Central Air, Ductless
- Foundation
- Crawl Space
- Flooring
- Tile, Wood
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,943/ month
- Principal & interest
- $2,476
- Property tax (~1.05%)
- $349
- Homeowners insurance
- $116
- HOA dues
- —
Down payment
$19,995 down · $379,905 financed
Income to qualify (28% rule)
~$126,139 / 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.


