20 Beds
10 Full baths
10,256 SqFt
Active
Located just 15 minutes north of Hickory, this 10-UNIT APARTMENT COMPLEX in Hudson, NC overlooks the Western NC foothills and offers a 6.9% CAP! Maintained in excellent condition, each unit offers a covered front porch entrance, living room adjoining an eat-in kitchen, and an oversized half bath/laundry combo on the main level. Upstairs, you'll find two bedrooms sharing a spacious full bath. Tenants pay electricity, owner pays water and trash collection. Units are currently making $8,770/month in income with 2024 Pro Forma NOI showing at $82,915 (after expenses). Newest rental agreement signed at $1050/month. See MLS for individual unit details and P&L.
Property Details | ||
|---|---|---|
| Price | $1,199,000 | |
| Bedrooms | 20 | |
| Full Baths | 10 | |
| Half Baths | 10 | |
| Property Style | Cottage | |
| Lot Size | 1.53 Acres | |
| Lot Size Area | 1.53 | |
| Lot Size Area Units | Acres | |
| Property Type | MultiFamily | |
| MLS Sub type | Eightplex+ | |
| Stories | 2 | |
| Features | Open Floorplan, Split Bedroom | |
| Year Built | 1989 | |
| Subdivision | None | |
| Roof | Shingle, Metal | |
| Heating | Baseboard, Electric | |
| Foundation | Slab | |
| Laundry Features | In Bathroom, Main Level | |
| Parking Description | Assigned, Parking Space(s) | |
| Parking Spaces | 20 | |
| Garage spaces | 0 | |
Geographic Data | ||
| Directions | 321N, left on Mission Rd, left on Hickory Nut Ridge, left on Horseshoe Bend Rd, on left. | |
| County | Caldwell | |
| Latitude | 35.82091588 | |
| Longitude | -81.51620332 | |
Address Information | ||
| Address | 4835 Horseshoe Bend Road, Hudson, NC 28638 | |
| Postal Code | 28638 | |
| City | Hudson | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Coldwell Banker Boyd & Hassell | |
| Listing Office Phone | 828-322-1005 | |
| Listing Agent | Robin Creel | |
| Listing Agent Phone | 828-781-8512 | |
| Sub Agency Compensation Type | % | |
| Buyer Agency Compensation | 3 | |
| Attribution Contact | 828-781-8512 | |
| Sub Agency Compensation | 3 | |
| 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 | None | |
School Information | ||
| Elementary School | Hudson | |
| Middle School | Hudson | |
| High School | South Caldwell | |
MLS Information | ||
| Days on market | 108 | |
| MLS Status | Active | |
| Listing Date | Jan 8, 2024 | |
| Listing Last Modified | Apr 25, 2024 | |
| Tax ID | 2756430199 | |
| MLS # | CAR4098650 | |
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This information is believed to be accurate, but without any warranty.
