















































155 Beds
86 Full baths
74,945 SqFt
Pending
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.