Crosstown Apartments: 24 units (2-story, 2 bedroom, 1.5 bath) and 6 units (1-story, 2 bedroom, 1 bath) = 30 total rental units. Most recent rental rates are $795/month & $800/month. Onsite dog park and recreation area make outdoor play convenient. All but one of the 1-story units have a covered carport or detached garage. The large paved parking lot offers plenty of parking for all other residents and visitors. In 2021 we performed a significant crawlspace renovation project which made the foundations look great (invoices available upon request). Owner pays Hickory city water, Republic trash service, street lights, and all maintenance (expenses avaible upon request). There are 18 septic tanks on the property servicing the apartments. February 2022 rent roll = $19,940; 2021 expenses averaged $2,067/month, which includes renovating units as they become vacant. This investment property has a long profitable future ahead of it.
Multi-familyProperty Type
1974Year Built
3.9 acresLot Size
$85Price/Sq.Ft.
2 spacesParking
Listed by Hayden Thornburg• Thornburg & Associates, Inc.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Multi-Family (5+ Unit)
County
Catawba County
APN
3734172034700000
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Last updated by owner on Feb 3, 2022.
R-20
Residential District
The R-20 districts have dimensional standards and use restrictions consistent with single-family residential development and less than three two-family (duplex) units on separate lots planned cumulatively.
Property details
Parking
Parking Information
Main Level Garage Y/N: 0
Parking Features: Parking Lot, Parking Space - 2
Interior
Bedroom Information
# of Bedrooms: 60
Bathroom Information
# of Full Baths (Total): 30
# of Half Baths (Total): 24
Laundry Room Information
Laundry Features: Main Level, Closet, Utility Room