Claremont, NC2675 Bethlehem Drive, Unit Portfolio
Est. Mortgage: $/month
MLS Number CAR4013517
- Bedrooms 155
- Square Feet 74,945
- Acreage 8.27
- Property SubType Residential Income
This 12 property rental investment portfolio with a total of 80 units is located in the four growing cities of: Hickory, Newton, and Claremont in Catawba County and Granite Falls in Caldwell County. These communities are nestled between Charlotte, Asheville, and Boone, North Carolina. The portfolio comprises one 19 unit complex, one 12 unit complex, two 10 unit complexes, one 8 unit complex, one 5 unit complex, three duplexes, one single family home, and one condo. Major renovations have been done at several of the properties and minor repairs and replacements have been done in preparation for sale. Sqft=75,369 & Acr=8.27. Units have laundry hookups, central heat/air, and city water and sewer service. Gross income for March 2022 - February 2023 was $560,358. At an average of $667.93 per unit per month, rents have plenty of room for growth and expenses should be much lower in coming years. Seller will close with 1031 exchange. Request offering memorandum for details.
Listed by Hayden Thornburg of Thornburg & Associates,Inc.
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