$1,550,000
$1,800,000
13.9%For more information regarding the value of a property, please contact us for a free consultation.
48708 Highway 52 HWY Richfield, NC 28137
37 Beds
24 Baths
21,900 SqFt
Key Details
Sold Price $1,550,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 21,900 sqft
Price per Sqft $70
MLS Listing ID 4293668
Sold Date 03/04/26
Bedrooms 37
Full Baths 24
Abv Grd Liv Area 21,900
Year Built 1969
Lot Size 8.000 Acres
Acres 8.0
Property Sub-Type Apartment
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
Interior
Heating Forced Air, Heat Pump
Cooling Central Air
Appliance Electric Range
Laundry In Unit
Exterior
Utilities Available Electricity Connected, Underground Utilities
Roof Type Architectural Shingle
Street Surface Asphalt,Gravel,Paved
Garage false
Building
Lot Description Cleared, Level
Foundation Crawl Space
Sewer Private Sewer
Water City
Structure Type Brick Full
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Yes
Senior Community false
Acceptable Financing Cash, Conventional, Owner Financing
Listing Terms Cash, Conventional, Owner Financing
Special Listing Condition None
Read Less
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© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Sam Al Smadi • NorthGroup Real Estate LLC
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