155 Beds

86 Full baths

74,945 SqFt


This 12 property rental investment portfolio with a total of 80 units is located in the four growing cities of: Hickory, Newton, and Claremont in Catawba County and Granite Falls in Caldwell County. These communities are nestled between Charlotte, Asheville, and Boone, North Carolina. The portfolio comprises one 19 unit complex, one 12 unit complex, two 10 unit complexes, one 8 unit complex, one 5 unit complex, three duplexes, one single family home, and one condo. Major renovations have been done at several of the properties and minor repairs and replacements have been done in preparation for sale. Sqft=75,369 & Acr=8.27. Units have laundry hookups, central heat/air, and city water and sewer service. Gross income for March 2022 - February 2023 was $560,358. At an average of $667.93 per unit per month, rents have plenty of room for growth and expenses should be much lower in coming years. Seller will close with 1031 exchange. Request offering memorandum for details.

Property Details
Price $8,567,000
Bedrooms 155
Full Baths 86
Half Baths 51
Lot Size Area 8.27
Lot Size Area Units Acres
Property Type MultiFamily
Sub type Apartment
MLS Sub type Apartment
Stories 2
Year Built 1971
Roof Aluminum, Shingle, Composition
Heating Central
Foundation Basement, Crawl Space, Slab
Laundry Features Electric Dryer Hookup, Washer Hookup
Parking Description Attached Carport, Driveway, On Street, Parking Lot
Geographic Data
County Catawba
Latitude 35.70974
Longitude -81.141511
Address Information
Address 2675 Bethlehem Drive #Portfolio, Claremont, NC 28610
Unit Portfolio
Postal Code 28610
City Claremont
State NC
Country United States
Listing Information
Listing Office Thornburg & Associates, Inc.
Listing Office Phone 828-328-2936
Listing Agent Hayden Thornburg
Listing Agent Phone 828-238-6398
Sub Agency Compensation Type %
Buyer Agency Compensation 2.5
Attribution Contact thornburgandassociates@gmail.com
Sub Agency Compensation 0
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Subject to Lease
Terms Cash, Conventional, Exchange
School Information
Elementary School Claremont
Middle School River Bend
High School Bunker Hill
MLS Information
Days on market 10
MLS Status Pending
Listing Date Apr 3, 2023
Listing Last Modified Apr 13, 2023
Tax ID 376218403120
MLS # CAR4013517

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This information is believed to be accurate, but without any warranty.