$422,000
$368,000
14.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
5,600 SqFt
SOLD DATE : 04/30/2024
Key Details
Sold Price $422,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $75
MLS Listing ID 4080109
Sold Date 04/30/24
Bedrooms 8
Full Baths 6
Year Built 1988
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Fourplex
Property Description
Marcus & Millichap is pleased to present the Hickory 49 Portfolio in Hickory, NC. The properties can be purchased as a portfolio or individually. This property is a 4-unit property. The whole portfolio has a unit mix of 8 studios, 21 1bd x 1b, 6 2bd x 1b, and 14 2bd x 1.5b. All properties are close to each other with a maximum distance of 6.5 miles between the two properties furthest from each other. Conveniently located in Hickory, NC. This portfolio offers investors the unique opportunity to capitalize on seven assets with significant rental increases by modernizing interior upgrades and organic rent growth potential to match rents with competing properties within the submarket. The major employers in Hickory include Catawba Valley Medical Center, CommScope Inc., Corning Optical Communications LLC, and Frye Regional Medical Center. The major universities in the area include Lenoir-Rhyne University and Catawba Valley Community College. All properties are within 4 miles of Downt
Location
State NC
County Catawba
Zoning R-4
Interior
Heating Central
Cooling Central Air
Appliance Dishwasher, Electric Cooktop, Electric Water Heater, Refrigerator
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Street Surface None,Other
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Other - See Remarks
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Call
Senior Community false
Special Listing Condition None
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Bought with Marianna Geyer • EXP Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
john.burbach64038+inactive@exprealty.com
106 Langtree Village Dr., Ste. 301, Mooresville, NC, 28117