Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Seems like the light rail has done very well for South End. Whats the general consensus on if the area along the light rail extension to UNCC is prime for real estate investment or if its will never amount to anything?
I'm not some big time real estate mogul. Just thinking of buying one or two small houses in the Charlotte area, maybe fixing them up a little, and using them as rental properties. Some can be had for fairly cheap along the light rail extension, so it seems promising, but a lot of that thought is based on the area improving over time.
Look for the cheapest property within a half-mile of a walkup station; within 2 miles of a park and ride station. Nearby supermarkets, sidewalks, and streets with bike lanes are a plus. If it's within 5 miles of uptown, PERFECT!!!
I think NoDa will eventually become another South End, and I also think development is bound to spill over to Tryon St eventually. Somewhere between Tryon St and the light rail would probably be a good bet, but if you look at the Ritch Ave/Benard Ave neighborhood (right behind Luna Restaurant and Lounge) it looks like people are beginning to buy up properties there and rebuild them into modern bungalows, so you might have to fight to get something around there.
The light rail has not been a secret, several of my acquaintances have been finding properties along the light rail corridor for 4 or 5 years now.
I'm sure if they foresaw it, the big fish in the gentrification game were way ahead of them.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
