48708 Highway 52 HWY, Richfield, NC 28137
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48708 Highway 52 HWY, Richfield, NC 28137
48708 Highway 52 HWY, Richfield, NC 28137
48708 Highway 52 HWY, Richfield, NC 28137
48708 Highway 52 HWY, Richfield, NC 28137

$1,550,000

Est. payment /mo

$1,800,000

13.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

48708 Highway 52 HWY Richfield, NC 28137

24 Baths

8 Acres Lot

SOLD DATE : 03/04/2026

Key Details

Sold Price $1,550,000

Property Type Commercial

Sub Type None

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4293669

Sold Date 03/04/26

Year Built 1969

Lot Size 8.000 Acres

Acres 8.0

Property Sub-Type None

Property Description

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.

Location

State NC

County Stanly

Zoning H-B

Exterior

Roof Type Architectural Shingle

Street Surface Paved

Total Parking Spaces 36

Building

Lot Description Cleared, Level

Structure Type Brick Full

New Construction false

Others

Senior Community false

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

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Listed by Keith Knight • Wallace Realty • keitheknight@gmail.com
Bought with Sam Al Smadi • NorthGroup Real Estate LLC

Nearby Locations

Victor Wallace

Victor Wallace

President | License ID: 41896

+1(704) 202-7508

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