$1,700,000
$1,900,000
10.5%For more information regarding the value of a property, please contact us for a free consultation.
65 Beds
33 Baths
15,125 SqFt
SOLD DATE : 01/29/2025
Key Details
Sold Price $1,700,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 15,125 sqft
Price per Sqft $112
MLS Listing ID 4158240
Sold Date 01/29/25
Bedrooms 65
Full Baths 33
Abv Grd Liv Area 15,125
Year Built 1972
Lot Size 11.000 Acres
Acres 11.0
Property Sub-Type Apartment
Property Description
Introducing an exceptional investment opportunity with high revenue potential! 31 units total. This property features (1) 3-bedroom, 2-bathroom brick home along with (30) 2-bedroom, 1-bathroom apartment units. Eleven of these units have been completely remodeled to modern standards, and several others boast new roofs, ensuring minimal maintenance in the near future. Currently 20 units are rented. A few units need minimal work to get back in use. Situated on a sprawling 11-acre lot, approximately 8 acres are primed for additional expansion, offering vast possibilities for further development and increased rental income. This combination of established rental units and significant expansion potential makes this property a cash cow for savvy investors. Don't miss out on this chance to maximize your return on investment!
Location
State NC
County Caldwell
Zoning RA-15
Rooms
Basement Unfinished
Interior
Heating Baseboard
Cooling None
Fireplace false
Appliance Electric Range, Refrigerator
Laundry None
Exterior
Waterfront Description None
Roof Type Composition
Street Surface Asphalt,Other,Paved
Garage false
Building
Lot Description Cleared
Foundation Crawl Space
Sewer Septic Installed
Water Public
Structure Type Wood
New Construction false
Schools
Elementary Schools Hudson
Middle Schools Hudson
High Schools South Caldwell
Others
Pets Allowed Yes, Number Limit, Size Limit
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Dave Reule • Reule Real estate LLC
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Agent | License ID: 329531
5960 Fairview Rd Ste 400, Charlotte, NC, 28210, United States