This stabilized 5-unit multifamily portfolio includes one single-family residence (1554 Barringer) plus a fourplex (1558, 1562, 1566, 1568 Barringer). Each unit is separately metered for water and electricity, with tenants responsible for their own utilities.
Property Highlights:
1554 Barringer (SFR): Completely converted to a 3BR/2BA home with full plumbing rehabilitation, an added bathroom with high ceiling, and a vacuum barrier. Certificate of Completion on file.
Fourplex Improvements: Roof replaced; brand-new gutter system; newly extended concrete driveway; new centralized mailbox bank.
Interior Upgrades (1566 & 1568): Units fully redone with LVP flooring, new appliances (stove and washer) and new window units in 1568, freshly painted interiors and cabinets, updated switches/fixtures, and added washer/dryer connections.
Additional Updates: New lighting fixtures throughout rehabbed units
Lawn maintenance: $20 per month (the SFR tenant has to do lawn as part of their lease agreement)
With updated systems, durable LVP flooring, in-unit laundry connections, and tenants covering all utilities, this package offers strong cash flow with minimal landlord responsibility. Professional management is currently in place at 8%.
Located in the growing Mount Pleasant submarket of Cabarrus County, this property benefits from convenient access to Concord, Kannapolis, and the Charlotte metro, supporting ongoing rental demand.
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Listing Snapshot
Price
$795,000
Days On Site
4 Days
Bedrooms
11
Inside Area (SqFt)
4,500 sqft
Total Baths
6
Full Baths
6
Partial Baths
N/A
Lot Size
0.41 Acres
Year Built
1985
MLS® Number
4333741
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
5 days ago
Listing first seen on site
5 days ago
Listing updated with changes from the MLS®
General Features
Foundation
Slab
Parking
Driveway
Sewer
Public Sewer
SqFt Above
4500
SqFt Total
4500
Zoning
RH
Interior Features
Appliances
DishwasherOvenRefrigeratorWasher
Cooling
Central AirWindow Unit(s)
Flooring
Vinyl
Heating
Heat Pump
Laundry Features
Electric Dryer HookupLaundry RoomWasher Hookup
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Community Features
Financing Terms Available
CashFHAUSDA LoanVA Loan
Roads
ConcreteGravel
Schools
School District
Unknown
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Listing courtesy of The Virtual Realty Group erikamcnew@gmail.com
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Last checked - 2026-01-11 01:56 PM UTC
Neighborhood & Commute
Source: Walkscore
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