HIGHLAND COMMONS – 50 UNITS IN HICKORY, NC

PRICE:
$ 6,250,000
STATUS:
Sold
ADDRESS:
445 11th Ave NE, Hickory, NC 28601, USA
OVERVIEW:

SOLD 5/5/2022 FOR $6,250,000
$125,000 per unit 

Deaton Investment Real Estate represented the buyer and One Alliance Companies represented the seller in this transaction. Highland Commons is a 50-unit townhome-style community located in Northeast Hickory, NC. Built in 1973, this property features two- and three-bedroom floorplans. This asset offers the opportunity to increase income through operational and strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
26 UNITS 2BD/1BA 830 SF - 850 SF $950
24 UNITS 3BD/1.5BA 988 SF - 1,050 SF $1,025
PROPERTY INFORMATION
PIN 370312954186
Tax Value $1,222,800
Taxes $14,704.17
Lot Size 3.86 ACRES
Year Built 1973
Exterior HARDBOARD
Floors CARPET & VINYL
Foundation SLAB
HVAC CENTRAL AIR/HEAT PUMP
Utilities TENANT PAYS UTILITIES
Legal Description N/A
Appliances RANGE, REFRIDGERATOR, DISHWASHER, WASHER/DRYER CONNECTION
Sold Date 2022-05-05
Zoning R-4

Location Map

HIGHLAND COMMONS – 50 UNITS IN HICKORY, NC
Address: 445 11th Ave NE, Hickory, NC 28601, USA Price: $ 6,250,000 Unit: