C Rice and Associates
Listed by C Rice and Associates
$1,050,000
1075 7th Ave NW
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,632
Units 8
Cap Rate 8.11%
NOI $85,200
Occupancy 100%
Class B
Year Built 1970
Year Renovated 2019
Investment Type Stabilized
Great tenant history with exceptional maintenance
Marketing description
Presenting a fully leased, 8-unit 2/1 all-brick property with a recently replaced roof. Located in the thriving heart of Hickory, NC, just steps from the exciting new Riverwalk and major community developments, this property offers stability and long-term growth potential. With a solid rent roll and 100% occupancy, this turnkey investment is ready for you to capitalize on the area's ongoing revitalization. Don't miss out—contact the listing agent today to secure your next high-yield asset!
Investment highlights
- Introducing Granville T12 – a prime investment opportunity located at 1075 7th Ave. NW Hickory. This well-maintained property features eight units with a reliable monthly income ranging from $850 to $925 per unit. With laundry machines included, this property offers convenience for tenants and potential for increased revenue.
- Boasting a monthly total income of $8100, Granville T12 is a lucrative investment with a solid annual income of $97,200. The property is well-managed and has manageable monthly expenses, ensuring a favorable return on investment. In addition, upcoming capital expenditures for 2024, such as unit updates and maintenance work, will enhance the property's value and appeal.
- Don't miss out on the opportunity to own a profitable multi-unit property in a desirable location. With a strong rental history and potential for growth, Granville T12 is a promising investment for savvy buyers looking to expand their real estate portfolio.
Listing Contacts
C Rice and Associates
Listed by C Rice and Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,200.00
$7,100.00/mo
Valuation Metrics
0
DSCR
8.11%
Cap Rate
8.11%
ROI
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Tax History
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