4887 County Home RD #A1-J2, Conover, NC 28613

$2,600,000

Est. payment -/mo

$2,800,000

7.1%

Est.Price: ?

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60 Beds

42 Baths

30,714 SqFt

SOLD DATE : 04/13/2022

Key Details

Sold Price $2,600,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 30,714 sqft

Price per Sqft $84

MLS Listing ID 3826265

Sold Date 04/13/22

Bedrooms 60

Full Baths 30

Half Baths 24

Year Built 1974

Lot Size 3.900 Acres

Acres 3.9

Property Description

Crosstown Apartments: 24 units (2-story, 2 bedroom, 1.5 bath) and 6 units (1-story, 2 bedroom, 1 bath) = 30 total rental units. Most recent rental rates are $795/month & $800/month. Onsite dog park and recreation area make outdoor play convenient. All but one of the 1-story units have a covered carport or detached garage. The large paved parking lot offers plenty of parking for all other residents and visitors. In 2021 we performed a significant crawlspace renovation project which made the foundations look great (invoices available upon request). Owner pays Hickory city water, Republic trash service, street lights, and all maintenance (expenses avaible upon request). There are 18 septic tanks on the property servicing the apartments. February 2022 rent roll = $19,940; 2021 expenses averaged $2,067/month, which includes renovating units as they become vacant. This investment property has a long profitable future ahead of it.

Location

State NC

County Catawba

Interior

Heating Central, Baseboard, Heat Pump, Heat Pump

Flooring Carpet, Linoleum, Vinyl

Fireplace false

Appliance Cable Prewire, Ceiling Fan(s), Dishwasher, Electric Oven, Electric Range, Refrigerator

Exterior

Exterior Feature Fence, Outbuilding(s), Storage, Wired Internet Available

Community Features Dog Park, Recreation Area, Street Lights

Building

Lot Description Level

Building Description Brick Partial, Wood Siding, Apartments

Foundation Crawl Space

Sewer Septic Installed

Water Well

Structure Type Brick Partial, Wood Siding

New Construction false

Schools

Elementary Schools Snow Creek

Middle Schools Arndt

High Schools St. Stephens

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Subject to Lease

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Lyn Smith

lyn@forpawsrealty.com +1(913) 549-6246

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Hayden Thornburg • Thornburg & Associates, Inc.
Bought with Alicia Debnam • Fathom Realty

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Lyn Smith

+1(913) 549-6246

Broker | License ID: 312657

Broker License ID: 312657

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