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OVERVIEW
2809 Athens Pl, Charlotte, NC 28205
At $240,000, this is an entry into one of Charlotte’s most sought-after zip codes at a price that sits well below the as-is sold floor for comparable homes in 28205 — where similar-sized properties have been moving between $273,000 and $365,000 without renovations. The home sits in the Eastway corridor of East Charlotte, minutes from Plaza Midwood, which is widely recognized as one of Charlotte’s most eclectic and high-demand neighborhoods and sits less than 2 miles from Uptown. Major employers, Atrium Health facilities, and the CityLYNX Gold Line transit connection to Uptown all feed demand from renters and buyers in this corridor. The home already has a new HVAC (2023) and a new roof (2019) — two of the biggest ticket items a buyer would otherwise price in — and comes with city water and sewer. Gross yield at asking on a stabilized rental runs approximately 11%, making the hold case competitive.
Comp Avg (Sold): ~$324,000 (~$296/sq ft) | For Sale Avg: ~$310,000–$360,000 (active 3bd listings, 28205)
Rent Avg: ~$2,200–$2,550/mo (3BR houses, 28205) | Gross Yield at Asking: ~11%
DETAILS
Type: Single Family
Bedrooms / Baths: 3 bed / 1 bath
Living Area: 1,040 sq ft
Year Built: 1958
Lot Size: 0.21 acres (9,148 sq ft)
Zoning: R-4
Utilities: City Water & City Sewer
Tax Value: $246,900
Annual Taxes: $2,023
Occupancy at Closing: Seller will need 14 days after closing to vacate. 50% of seller’s proceeds will be held back until Buyer confirms vacancy.
Closing Date: 07/09/26
Closing Attorney: Atlas Orange
CONDITION
- Roof: New as of 2019
- HVAC (heating and cooling): New as of 2023
- Property sold as-is
COMPARABLE SALES
4044 Sheffield Dr, Charlotte, NC 28205 — 1,075 sq ft — $285,000 ($265/sq ft) — Sold as-is, Nov 2025
1500 Collier Ct, Charlotte, NC 28205 — 1,097 sq ft — $273,000 ($249/sq ft) — Sold as-is, Apr 2026
4837 Holbrook Dr, Charlotte, NC 28212 — 1,088 sq ft — $337,000 ($310/sq ft) — Sold Dec 2025
2809 Albany Ln, Charlotte, NC 28205 — 1,204 sq ft — $360,000 ($299/sq ft) — Sold Jun 2026
2627 N Sharon Amity Rd, Charlotte, NC 28205 — 1,000 sq ft — $365,000 ($365/sq ft) — Sold Dec 2025
5420 Gwynne Ave, Charlotte, NC 28205 — 1,152 sq ft — $390,000 ($339/sq ft) — Sold Feb 2026 — purchased at $256,000, renovated, then resold; illustrates post-renovation ceiling for comparable square footage in this zip code.
Comp Average (5 as-is comps): ~$324,000 (~$296/sq ft)
Our Price: $240,000 ($231/sq ft)
Your Spread: ~$84,000 below comp average
At $231/sq ft in a zip code where unimproved homes are moving at $249–$365/sq ft and a renovated comparable sold at $390,000, the math works from multiple angles. The new roof and HVAC are already done, so a value-add buyer is starting with the two biggest ticket items checked off. Hold buyers are looking at an ~11% gross yield at asking. Flippers have a clear data point at $390,000 post-renovation on similar square footage — and entry here at $240,000 leaves substantial room to work.
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal.
Closing will occur as quickly as possible, but no longer than 30 calendar days.
Buyer pays all closing costs — closing costs are NOT included in the asking price.
Taxes will be prorated and split between parties.
$495 transaction fee payable to Bright Home Offer LLC.
Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
- No repairs or improvements will be made prior to closing
- No clean-out or clean-up of any kind will be completed
- Property will not be broom clean at closing
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either:
- Negotiate your commission/fee directly with your client, separate from the wholesale price, or
- Adjust the wholesale price upward to include your fee
If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.