Exceptional investment opportunity just minutes from downtown Lincolnton! This unique portfolio features 12 total units across three separate parcels (51606, 51605, 51604), all situated on 9.85 private acres. Currently, six units are rented on month-to-month leases, consisting of four stick-built homes and two single-wide homes, providing immediate rental income. An additional six units, including four single-wides and two stick-built homes, are in need of repair/replacement before becoming habitable, offering strong potential for increased future revenue. The property is serviced by a shared community well, and a city water tap is also available, though it has never been used by the seller. With its mix of income-producing rentals, redevelopment possibilities, and convenient location close to Lincolnton amenities, this portfolio provides investors with significant upside. Please note: tenants are not to be disturbed, and all showings must be scheduled by appointment only.
Property Type(s):
Multi Family
|
Tract
|
None
|
Year Built
|
1956
|
|
Community
|
None
|
County
|
Lincoln
|
SCHOOLS
| Elementary School |
S. Ray Lowder |
| Jr. High School |
Lincolnton |
| High School |
Lincolnton |
Additional Details
| AIR |
Heat Pump, Wall Unit(s), Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Other |
| BASEMENT |
Crawl Space |
| HEAT |
Electric, Heat Pump, Space Heater |
| LOT |
9.85 acre(s) |
| MLS STATUS |
Active |
| PARKING |
Driveway |
| SEWER |
Septic Tank |
| SUBDIVISION |
None |
| WATER |
Shared Well |
Listed with RE/MAX Crossroads
Date last updated: 8/19/25 11:29 PM PDT
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