515 China Grove RD new Save Request In-Person Tour Request Virtual Tour
China Grove,NC 28023
Key Details
Property Type Multi-Family
Sub Type Sixplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,382 sqft
Price per Sqft $125
MLS Listing ID 4223909
Bedrooms 12
Full Baths 6
Abv Grd Liv Area 6,382
Year Built 1970
Lot Size 4.610 Acres
Acres 4.61
Property Sub-Type Sixplex
Property Description
Investors, take note. 515 China Grove Rd offers a fantastic opportunity to own a refreshed multi-family property in a growing market. This property consists of three duplexes that have been recently updated with new siding, new roofs, and fresh exterior paint, enhancing curb appeal and long-term value. Placed in a quiet setting, this property should attract long-term renters. All units are 2 bedrooms and 1 bath. Each unit has its own laundry hookup. One unit has already been remodeled on the interior, showing the potential for future upgrades. With one vacancy and a couple of units currently rented below market, there is a clear value-add opportunity. Possibility for expansion with the additional acreage behind the units. China Grove is a quickly growing area, making appreciation a strong possibility. Whether you're looking to expand your existing portfolio or make your first investment in multi-family real estate, this property offers stability, upside potential, and long-term growth.
Location
State NC
County Rowan
Zoning RS
Interior
Heating Heat Pump
Cooling Central Air,Heat Pump
Appliance Other
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Street Surface Dirt,Gravel,Paved
Garage false
Building
Dwelling Type Site Built
Foundation Crawl Space
Sewer Septic Installed
Water Shared Well
Structure Type Brick Full,Vinyl
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Senior Community false
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Subject to Lease