48708 Highway 52 Highway
48708 Highway 52 Highway
Richfield, NC 28137
$1,800,000
- Lot Size: 8 Acres
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.
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | None |
| Year Built : | 1969 | Construction Type : | Site Built |
| Lot Size : | 8 Acres |
Property Features
- Cleared
- Level
More Information
- Construction : Brick Full
- Roof : Shingle
- Road : Publicly Maintained Road, Private Maintained Road
- Listing Terms : Cash, Conventional
Based on information submitted to the MLS GRID as of 08-22-2025 07:56:04 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.