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Multifamily

600 South Main Townhomes

600 S Main St, Mooresville, NC 28115

Listing Price: $5,500,000

Cap Rate
6.10%
Number of Units
30
GRM
10.76
Occupancy
100.0%
Price/Unit
$183,333
Price/Gross SF
$166.67
Gross SF
33,000

Investment Overview

Marcus & Millichap is pleased to present 600 South Main Townhomes, a 30-unit multifamily community located in Mooresville, North Carolina. Built in 2001, the property combines modern functionality with stable occupancy trends in one of the fastest-growing submarkets of the Charlotte MSA. Mooresville, known as "Race City USA," continues to benefit from expanding employment drivers, proximity to Lake Norman, and strong population growth, creating long-term rental demand and upward pressure on rents.

600 South Main Townhomes offers investors a rare opportunity to acquire a well-maintained asset with proven operational history and embedded potential for rent growth through light value-add initiatives. The property’s central location within Mooresville provides residents with walkable access to retail, dining, and community amenities, while its quick connectivity to Interstate 77 ensures strong regional access to Charlotte and surrounding employment hubs.

Investment Highlights

  • Prime Mooresville Location: Situated near Lake Norman and downtown Mooresville, offering walkability and proximity to major lifestyle amenities.
  • Charlotte MSA Growth: Positioned in one of the fastest-growing metros in the Southeast, driving strong renter demand and rent appreciation.
  • Townhome-Style Living: Each unit provides private entrances and spacious layouts, creating a desirable alternative to traditional apartments.
  • Stable Occupancy Trends: Consistently strong leasing performance highlights the property's appeal and dependable cash flow.
  • Established Community: Built in 2001, the property offers durable construction and functional layouts attractive to long-term tenants.
  • Strong Regional Connectivity: Immediate access to I-77 connects residents to Charlotte, employment centers, and regional retail corridors.

Exclusively Listed By

Multifamily

600 South Main Townhomes

Listing Price: $5,500,000

Cap Rate
6.10%
Number of Units
30
GRM
10.76
Occupancy
100.0%
Price/Unit
$183,333
Price/Gross SF
$166.67
Gross SF
33,000

Investment Highlights

  • Prime Mooresville Location: Situated near Lake Norman and downtown Mooresville, offering walkability and proximity to major lifestyle amenities.
  • Charlotte MSA Growth: Positioned in one of the fastest-growing metros in the Southeast, driving strong renter demand and rent appreciation.
  • Townhome-Style Living: Each unit provides private entrances and spacious layouts, creating a desirable alternative to traditional apartments.
  • Stable Occupancy Trends: Consistently strong leasing performance highlights the property's appeal and dependable cash flow.
  • Established Community: Built in 2001, the property offers durable construction and functional layouts attractive to long-term tenants.
  • Strong Regional Connectivity: Immediate access to I-77 connects residents to Charlotte, employment centers, and regional retail corridors.

Investment Overview

Marcus & Millichap is pleased to present 600 South Main Townhomes, a 30-unit multifamily community located in Mooresville, North Carolina. Built in 2001, the property combines modern functionality with stable occupancy trends in one of the fastest-growing submarkets of the Charlotte MSA. Mooresville, known as "Race City USA," continues to benefit from expanding employment drivers, proximity to Lake Norman, and strong population growth, creating long-term rental demand and upward pressure on rents. 600 South Main Townhomes offers investors a rare opportunity to acquire a well-maintained asset with proven operational history and embedded potential for rent growth through light value-add initiatives. The property’s central location within Mooresville provides residents with walkable access to retail, dining, and community amenities, while its quick connectivity to Interstate 77 ensures strong regional access to Charlotte and surrounding employment hubs.

Exclusively Listed By

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