Nov 30, 2017 - Real Estate

Home flippers around Johnson C. Smith University buying cheap houses and renovating into half-million-dollar homes

Developers and home flippers are beginning to bet big on the hilly Seversville and Smallwood neighborhoods.

These are the west Charlotte neighborhoods right next to Johnson C. Smith University, just two miles from Trade and Tryon. Areas like these have been at a premium with the current development trend that puts central and urban home locations at a premium.

That’s also made neighborhoods like these ground zero for concerns of gentrification and displacement. Groups like the 5 Points Community Collaborative and the Biddleville-Smallwood Community Organization have been working to bring responsible development and economic growth to the area. It’s a delicate balancing act.

These three homes illustrate how home flipping is currently working in the area.

1509 Sumter Avenue

  • List: $489,900. Simon Le, Simon Real Estate Group, has the listing, (704) 215-4961.
  • Stats: 4 beds, 3 full baths, 1 half bath, 2,450 sq. ft.
  • Former life: The original property and 1936 house sold for $90,000 in 2015
  • Noticed for: 3-story design

2434 Rozzelles Ferry Road

From the listing: MODERN UPSCALE SMART HOME! New everything in open spacious floorplan. Custom kitchen cabinets, farm sink. New SS appliances incl wine cooler. Control alarm, keyless entry, thermostat & some lights w/ smartphone. Bluetooth built-in speakers. Storage galore! Architectural shingles. Granite cntrs, hrdwd floors, tankless hot wtr heater, 5 burner gas stove. New HVAC. Custom master closet, double shower heads in marble & ceramic tile master bath.

405 Coxe Avenue

jcsu rozzelles ferry
From the listing: Open plan perfect for entertaining inside & out w/front & back covered porches, lovely outdoor living area. Gorgeous finishes incl top tier quartz, lighting, hardwoods, furniture quality cabinets, SS appl incl Fridge & Microwave drawer, Gas Range, DW & HUGE Kitchen Island, Bar w/sink, Laundry w/chute & Drop Zone. Upper Living Rm aka ‘Pajama Lounge’ incl 2nd bar w/sink. On-demand H20, Dual-Zone HVAC. Mini-master/office down via french doors.
  • List: $499,900. 5 Points Realty has the listing.
  • Stats: 3 beds, 2 full baths, 1 half bath, 2,655 sq. ft.
  • Former life: Property sold in 2007 for $80,000
  • Noticed for: This home is on a street of new construction and has a walk-out basement.

You can also find some freshly redone but more modest homes in the area, like this one.

jcsu coxe ave exterior
From the listing: Expansive Premium New Construction atop Enormous Walk-Out Basement in Booming Seversville. Walk to Greenway, Blue Blaze Brewing, Savona Mill. Light-Filled Bungalow w/ Open Concept Floorplan. Rich finishes incl. hardwoods, arch. windows, leathered granite, maple cabinetry, glass & Porcelain tiles, quartz. Large Screened-In Back Porch. Owners’ Suite on Main feat. Large Walk-In Closet, Dual Vanity, Huge Shower. Impressive Finishes. Pre-Finished Bed/Bath Up when you want to grow.

2401 Roslyn Avenue

  • List: $229,900. Michelle Pentecost, HoneyBee Real Estate, has the listing, (704) 659-6999.
  • Stats: 2 beds, 1 full bath, 1 half bath, 937 sq. ft.
jscu roslyn ave exterior
From the listing: Character throughout – Complete remodel and ready for a new owner. Home is in a great location close to JC Smith University and uptown Charlotte. Gorgeous hardwood floors, new kitchen features granite counters, stainless appliances, farm-sink, large eat-in breakfast area. This home is laid out very well and feels much larger. There is even a half-bath. Additional features and upgrades include new HVAC, new roof, new siding (with warranty), concrete driveway and walk.

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