Do Real Estate on the Go!
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Do Real Estate on the Go!
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$1,800,000
37 Beds
24 Baths24 full baths
21,900sqft
48708 Hwy 52 Hwy, Richfield, NC 28137
$1,800,000
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Apartment
Built in 1969
$-- HOA
8 acres lot
$82/sq.ft
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.
- Houzeo last checked: 54 Minutes ago
- Listing updated: November 5, 2025 at 1:11 pm
- Listing Provided by: Keith Knight (704) 363-0096 | Wallace Realty (704) 636-2021
- Source: Canopy MLS | MLS#: 4293668
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1969
HOA Fees
-
Finished Area
21,900 sqft
Lot Size
8 acres lot
Basement Area
- sqft
MLS Name
Canopy MLS
MLS Number
4293668
MLS Status
Active
Days on Market
107
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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