1507 Matheson Ave Charlotte, NC 28205
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About this home
Rare opportunity in the heart of Charlotte! This well-maintained duplex offers two thoughtfully updated 1BR/1BA units, ideal for investors, house hackers, or those seeking rental income in a prime location. Each unit features hardwood and tile flooring, remodeled bathrooms, and updated kitchens with quartz countertops, modern cabinetry, and upgraded finishes. Sliding glass doors lead to the back decks, creating additional living and entertaining space. Averaging $5,000-$6,000 per month in combined income between the Airbnb side and the long term rental side. Easily convertible back into 2-bedroom units if desired! Recent improvements provide peace of mind, including new 2025 HVAC systems for both units with warranty, a fully fenced yard, upgraded landscaping, new interior and exterior lighting, composite decking, and exterior paint completed in 2024. The property also offers a double-wide concrete driveway with additional rear parking that can accommodate up to 8 vehicles, a huge benefit to tenants and owners alike. Currently, one unit is leased as a long-term rental while the other operates as a successful Airbnb. With its updates, rental versatility, and unbeatable location, this duplex offers excellent flexibility. Continue with mixed-use rentals, live in one unit and rent the other, or add to your investment portfolio. Just minutes to Plaza Midwood, NoDa, and Uptown, this duplex combines convenience and potential!
Source: CANOPYMLS #4304240
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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