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.
Property Type(s):
Commercial
|
Year Built
|
1969
|
County
|
Stanly
|
Additional Details
| CONSTRUCTION |
Brick |
| LOT |
8 acre(s) |
| LOT DESCRIPTION |
Cleared, Level |
| MLS STATUS |
Active |
| STORIES |
1 |
Listed with Wallace Realty
Date last updated: 8/21/25 1:56 AM PDT
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