Listing by: Keith Knight, Wallace Realty, keitheknight@gmail.com
37 Beds
24 Full baths
21,900SqFt
Active
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.
Property Details | ||
|---|---|---|
| Price | $1,800,000 | |
| Bedrooms | 37 | |
| Full Baths | 24 | |
| Half Baths | 0 | |
| Lot Size Area | 8 | |
| Lot Size Area Units | Acres | |
| Property Type | MultiFamily | |
| Sub type | Apartment | |
| MLS Sub type | Apartment | |
| Stories | 1 | |
| Year Built | 1969 | |
| Roof | Architectural Shingle | |
| Heating | Forced Air, Heat Pump | |
| Foundation | Crawl Space | |
| Lot Description | Cleared, Level | |
| Laundry Features | In Unit | |
| Parking Description | Parking Lot, Parking Space(s) | |
Geographic Data | ||
| County | Stanly | |
| Latitude | 35.48631131 | |
| Longitude | -80.29347036 | |
Address Information | ||
| Address | 48708 Highway 52 Highway, Richfield, NC 28137 | |
| Postal Code | 28137 | |
| City | Richfield | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Wallace Realty | |
| Listing Office Phone | 704-636-2021 | |
| Listing Agent | Keith Knight | |
| Listing Agent Phone | 704-363-0096 | |
| Attribution Contact | keitheknight@gmail.com | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
| Terms | Cash, Conventional | |
School Information | ||
| Elementary School | Unspecified | |
| Middle School | Unspecified | |
| High School | Unspecified | |
MLS Information | ||
| Days on market | 51 | |
| MLS Status | Active | |
| Listing Date | Aug 20, 2025 | |
| Listing Last Modified | Nov 5, 2025 | |
| Tax ID | 6613-03-44-8640 | |
| MLS # | CAR4293668 | |
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
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