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John KurtzCharlotte · NC

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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.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.