5111 Ponderosa Drive
5111 Ponderosa Drive
Conover, NC 28613
$3,499,000
- Bedrooms: 40
- Bathrooms:
- Lot Size: 6.68 Acres
Description
Rental Income Investment Property on approximately 6.7 acres. 10 Duplexes with each building offering 2 Bedrooms/1 Bath per unit for a total of 20 units. Updates: 7 units updated, 2 units in process of updates, 1 unit partially updated and ready to rent. Recently installed 7 HVAC systems: 2022 (2), 2023 (2), 2024 (3) Property Maintenance Building for storing materials also has washer/dryer hookups and plumbing for restroom. Mail Boxes: owned by USPS and tenant must go through USPS to receive a new key for their mailbox. Outdoor security lights: 3 security lights and 1 motion light on maintenance building. Water: 5 wells w/3 having water treatment systems. Water safety testing has been done several times since purchase of property in 2021. Electric panel for well pumps located in property maintenance building. Utilities provided by owner: water(well), sewer(septic), trash. Tenant responsibility: Power(Duke Energy), Internet, TV service. Washer/Dryer: hookups in each unit.
Property Summary
| Property Type: | Residential Income | Property Subtype : | Eightplex+ |
| Year Built : | 1981 | Construction Type : | Site Built |
| Lot Size : | 6.68 Acres | Living Area : | 16,120 sqft |
Property Features
- Cleared
- Green Area
- Level
- Open Lot
- Rolling Slope
- Open Floorplan
- Pantry
- Covered Patio
- Front Porch
Appliances
- Dishwasher
- Electric Range
- Refrigerator
More Information
- Construction : Brick Partial, Vinyl
- Parking : Driveway
- Heating : Central, Electric
- Cooling : Central Air, Electric
- Water Source : Well
- Road : Private Maintained Road
Based on information submitted to the MLS GRID as of 05-31-2025 01:25:04 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.