Great House-Hack Opportunity // Townhome with 2.75% Assumable FHA Mortgage

[Pat Rineman]

Good Day BP Fam,

I have a listing with a 2.75% FHA Assumable Mortgage available in NW Charlotte. It would make a great house-hack opportunity for aspiring investors. To assume the mortgage, the property must be purchased as a primary residence and occupied as a primary residence for 12 months, but could then be turned into a long-term rental after that. Located in a well-connected and growing part of Charlotte, walkable to shops and restaurants.

Property Address: 1217 Ashbury St, Charlotte, NC 28216

List Price: $335,000

Loan Balance: $254,000

Current Monthly Payment (including taxes and insurance): $1,702

HOA Fee: $183/mo

HOA Rental Restrictions: 6 Month Minimum Lease Term

Rental Comps: $2,000-$2,100

Property Details: 3 bed // 2 full baths // 2 half baths // Flex/Bonus Room // 1,790 sq ft

Property Listing: https://rinemanrealestate.com/properties/listing/CanopyMLS/4...

BONUS: Sellers are also offering a $5,000 seller concession and 2.5% buyer agency compensation.

Property Description: Modern Comfort Meets Everyday Convenience in NW Charlotte! This stylish, move-in-ready 3-story townhome offers bright, modern living in one of the city’s most connected locations. The entry level includes a flex room, half bath, and 2-car garage. Upstairs, enjoy luxury vinyl plank flooring, an oversized island, quartz countertops, a gas range, and an externally vented microwave. The kitchen and dining area flow into a spacious living room with recessed lighting and an adjacent half bath. A second-level deck provides a relaxing outdoor retreat. The top floor features a primary suite with a walk-in closet, dual vanities, and a glass-enclosed shower with dual shower heads. Two additional bedrooms, a full bath, and laundry complete the layout. Just 20 mins to Uptown, 15 to CLT Airport, with shopping, dining, coffee shops, fitness, and lake access just outside of the neighborhood. $5,000 seller concession offered with an acceptable offer! Plus, a 2.75% assumable mortgage for qualified buyers.

Shoot me a message with any questions.