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$1,800,000
Est. payment /mo
24 Baths
8 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type None
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4293669
Year Built 1969
Lot Size 8.000 Acres
Acres 8.0
Property Sub-Type None
Property Description
12 All brick buildings with 23 apartment units, approximately 21,900 heated square feet, on 8 acres, zoned Highway Business, average yearly operating income $212,676, average yearly expenses $102,452.58, average net income $110,223. 16 of the 23 units have been renovated with heat pumps, replacement windows, LVP flooring, paint, & fixtures. There's room to build additional buildings & units if desired. Property is serviced by public water supply & on site private sewer treatment system. Great location right on Highway 52 just outside Phifer University & near Hwy 49 with quick commute to Kannapolis, Concord, & Charlotte NC.
Location
State NC
County Stanly
Zoning H-B
Interior
Inclusions Building, Business, Equipment, Fixtures, Land
Exterior
Roof Type Shingle
Street Surface Paved
Total Parking Spaces 36
Building
Lot Description Cleared, Level
Dwelling Type Site Built
Structure Type Brick Full
New Construction false
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Listed by Keith Knight • Wallace Realty • keitheknight@gmail.com