Charlotte homes – 300,000 to 500,000

1319 Cathey Road
$425,000   Active
Subdivision: Coulwood

INVESTOR OPPORTUNITY WITH MAJOR UPSIDE! This expansive 2,800 sq ft ranch + SHOP offers incredible potential for the savvy investor, builder, or renovator. Featuring 3 bedrooms, 2 bathrooms, and a spacious bonus/entertainment room, the layout provides a strong foundation for a high-value transformation, the house could EASILY BE MADE A 4 Bedroom (its practically setup as a 4 bedroom but just needs a small wall and a door. The property includes an attached 1-car garage plus a large, detached shop with driveway—perfect for car enthusiasts, woodworkers, or those operating a home-based business. Ideally located directly across from Paw Creek Elementary, and just minutes to I-485, Charlotte Douglas International Airport, and Uptown Charlotte, this property offers both convenience and long-term value. Optional access to the Coulwood community pool adds additional appeal. Zoned N1-A (buyer to verify with the City of Charlotte), this parcel presents excellent redevelopment potential, with the possibility for multiple homes, duplexes, or triplexes. Important Notes: Property does have significant termite damage affecting the front two bedrooms and living room (including floor joists, subflooring, and portions of the sill plate). Sold AS-IS, with pricing reflective of condition. ARV could be over $600k. CASH, FHA 203k Renovation Loan, or Hard Money Lender

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Basic Information

MLS#: 4366814
Price: $425,000
Square Footage: 2810
Bedrooms: 3
Bathrooms: 2
Acreage: 0.75
Year Built: 1958
Type: Single Family Residence

Additional Photos:
Listing courtesy of: Francis Real Estate Group, Inc - [email protected]

Based on information submitted to the MLS GRID as of 2026-04-30 06:00:00. 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. Some IDX listings have been excluded from this website.

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