1. North Carolina
  2. Richfield
  3. 48708 Highway 52 Highway
$1,800,000/mo

48708 Highway 52 Highway, Richfield, NC 28137

  • 37 beds |
  • 24 baths |
  • 21,900 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1969
  • Property Lot Size Icon8acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $82/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

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.

Listing Status:
Active
Listing Office:
Wallace Realty : 704-636-2021
MLS ID:
4293668
  • Appliances: Electric Range
  • Laundry: In Unit
  • A/C: Central Air
  • Heating: Forced AirHeat Pump

This listing courtesy of Wallace Realty

Location

Schools Nearby

R

Richfield Elementary School

120 Morgan St, Richfield, NC, 28137

Grades KG-5

2.44 miles away

N

North Stanly Middle School

36605 Old Salisbury Rd, New London, NC, 28127

Grades 6-8

6.24 miles away

N

North Stanly High School

40206 US 52 Hwy N, New London, NC, 28127

Grades 9-12

6.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.