1554 Barringer Street
1554 Barringer Street
Mount Pleasant, NC 28124
$795,000
- Bedrooms: 2
- Bathrooms:
- Lot Size: 0.41 Acres
Description
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.
Property Summary
| Property Type: | Residential Income | Property Subtype : | Fiveplex |
| Year Built : | 1920 | Construction Type : | Site Built |
| Lot Size : | 0.41 Acres | Living Area : | 3,400 sqft |
Appliances
- Dishwasher
- Oven
- Refrigerator
- Washer
More Information
- Construction : Aluminum, Brick Partial
- Parking : Driveway
- Heating : Heat Pump
- Cooling : Central Air, Window Unit(s)
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash, FHA, USDA Loan, VA Loan
Based on information submitted to the MLS GRID as of 10-19-2025 12:35:04 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.