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 unitÂ
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.
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 |
Agent Information Michael Deaton
Location Map
HIGHLAND COMMONS – 50 UNITS IN HICKORY, NC
Address:
445 11th Ave NE, Hickory, NC 28601, USA
Price: $
6,250,000
Unit: