Located just 15 minutes north of Hickory, this 10-UNIT APARTMENT COMPLEX in Hudson, NC overlooks the Western NC foothills and offers a 6.9% CAP! Maintained in excellent condition, each unit offers a covered front porch entrance, living room adjoining an eat-in kitchen, and an oversized half bath/laundry combo on the main level. Upstairs, you'll find two bedrooms sharing a spacious full bath. Tenants pay electricity, owner pays water and trash collection. Units are currently making $8,770/month in income with 2024 Pro Forma NOI showing at $82,915 (after expenses). Newest rental agreement signed at $1050/month. Seller financing available, call agent for details. See MLS for individual unit details and P&L.
Multi-familyProperty Type
1989Year Built
1.53 acresLot Size
$105Price/Sq.Ft.
20 spacesParking
Listed by Robin Creel• Coldwell Banker Boyd & Hassell
Contact: 828-781-8512
Bought with Leigh Brown• One Community Real Estate
10 Unit apartment complex in very good condition! 2 Buildings - fully rented. One building has a metal roof 1 has asphalt shingles. Each unit has 2BR, 1.5BA. Most units have newer flooring.
As the MLS and public records start to fill up, we'll list the details here.
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Multi-Family (5+ Unit)
County
Caldwell County
APN
03 81 1 6
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Last updated by owner on Jun 8, 2023.
R-20
Residential Low Density District
This district is composed of certain quiet, low-density residential sections of the community, plus certain open areas where similar residential development appears likely to occur, as indicated by the Land Development Plan. The regulations of this district are intended to discourage any use which, because of its character, would substantially interfere with the development of single family residences in the districts and which would be detrimental to the quiet residential nature of the areas included within this district.