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  • Writer's pictureAmy Tritt

Flip or Flourish: Why We Love This 1940s Plaza Midwood Fixer Upper with Cash Flow From Backyard Guest House.

Updated: Feb 4


1320 Brook Rd is a full brick cottage built in 1949
1320 Brook Rd is a full brick cottage built in 1949

Nestled on coveted Brook Rd, 1320 Brook Rd stands as a beacon of potential in the heart of Plaza Midwood. Surrounded by million-dollar homes, this 1949 full brick cottage priced at $445k presents an exciting opportunity for savvy investors and home renovators alike.


The original 1940s brick is still in good shape!
The original brick is in great condition!

Historically known as Plaza Hills, this part of Plaza Midwood was once a haven for local mill workers and their families. However, with developments like nearby Cramer Pond, Plaza Hills has evolved into a hub of luxury new construction.


The original hardwood floors are ready for revitalization
The original hardwood floors are ready for revitalization

Yet, amidst this transformation, 1320 Brook Rd remains a diamond in the rough, waiting to be polished to its full potential. An ideal starter renovation project with a brand new HVAC system, perfect for those new to flipping houses, offering manageable size and potential.


A Charming little kitchen awaiting your person touch!
A Charming little kitchen awaiting your person touch!

At first glance, this 2 bed, 1 bath cottage may seem like just another fixer-upper. However, the real twist lies in its 500 square foot detached guest house. Currently generating $1k a month in rental income, this guest house offers a unique opportunity for buyers to offset their mortgage while flipping the main residence.


With a touch of renovation, this kitchen has the potential to completely revitalize the entire home.
With a touch of renovation, this kitchen has the potential to completely revitalize the entire home.

Picture transforming the main house into a charming cottage straight out of a Nancy Meyers film, while later revamping the guest house into a sleek and modern Airbnb money-making machine. The possibilities are endless, and the potential for profit down the road is substantial.


A view from the hall, with a split bedroom plan and bathroom in the middle
A view from the hall

In a neighborhood where entry-level homes are becoming scarce, preserving these small historic gems like 1320 Brook Rd is paramount.


A view from the bedroom with private entrance to backyard
One of the bedrooms with a private entrance to the backyard

This property not only offers a chance to breathe new life into a piece of Plaza Midwood's history but also provides an entry point for first-time homeowners eager to join Charlotte's coolest neighborhood.


The original one car garage sits in the fenced in backyard
A petite one car garage sits in the fenced in backyard

Don't miss out on this exceptional opportunity to make your mark in Plaza Midwood. With a little vision and a lot of TLC, 1320 Brook Rd has the potential to become the crown jewel of this thriving neighborhood


The house out back, currently a rental could  be transformed into a place for guests or money making Airbnb, or both!
The guest house, currently a rental could be transformed into a place for guests or money making Airbnb, or both!

Revive, Rent Out, or Redesign: Intrigued by this Plaza Midwood Cottage + Guest House? This property is currently listed with Amy Tritt at Savvy + Co Real Estate. Click the link below or call 704-574-9869 to inquire about this enticing investment.



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