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$2,040,000
525 12th St Sw 7-30, Hickory, NC 28602
24 Beds
24 Baths
13,728 SqFt

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24 condominium apartments for sale right off Hwy 321 in Hickory. Each unit is approximately 572 sqft, 1 bedroom, 1 bath with refrigerator, dishwasher, stove, and central heat/air. The apartments are units 7-30 of Grandview Terrace, a 30 unit condominium HOA. All of the apartments are contained in the long building (16 units)whose rear faces the woods and the shorter building (8 units) whose front faces the highway. Condo HOA pays the water/sewer/trash, common grounds maintenance, and building exterior maintenance for the entire complex. HOA dues for each unit are $75/month. The buildings are visible from HWY 321 as you drive through Hickory and they rent well because of their convenient location. Monthly rent roll = $13,475. There are no laundry hookups in the units, so tenants must use laundry facilities off site. There is a laundry room in the long building, but the HOA has chosen to keep it closed. Please do not disturb tenants; showings arranged by rental property manager's office.
  • Price:
  • $2,040,000
  • Bedrooms:
  • 24
  • Full Baths:
  • 24
  • Square Footage:
  • 13,728
  • Year Built:
  • 1985
  • Listing ID #:
  • CAR3821079
  • Street Address:
  • 525 12th St Sw 7-30
  • City:
  • Hickory
  • State:
  • North Carolina
  • Postal Code:
  • 28602
  • County:
  • Catawba
  • Subdivision:
  • Grandview Terrace
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Total Liveable Area:
  • 13728
  • Construction Description:
  • Brick Partial, Vinyl Siding
  • Construction Type:
  • Site Built
  • Flooring:
  • Carpet, Linoleum, Vinyl
  • Foundation:
  • Slab
  • Number Of Units:
  • 24
  • Rent Includes:
  • Management
  • Structure:
  • Apartments
  • Total Building Square Footage:
  • 13728
  • Year Built:
  • 1985
  • Lot Features:
  • Level
  • Lot Size Units:
  • Acres
  • Road Type:
  • Asphalt, Concrete
  • Zoning Description:
  • R-4
  • Days On Market:
  • 160
  • Originating Mls:
  • Carolina
  • Special Conditions Of Sale:
  • Subject To Lease
  • Terms:
  • 1031 Exchange, Cash, Conventional
  • Association Fee:
  • $1,800
  • Association Fee Payment Frequency:
  • Monthly
  • Tenant Pays:
  • Electricity
  • Parking Description:
  • Parking Lot
  • Appliances:
  • Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Existing Water:
  • Public
  • Heating:
  • Central, Heat Pump, Heat Pump
  • Sewage Type:
  • Public Sewer
  • Listing Provided By Thornburg & Associates
  • NCCANOPY
2
out of 5

Grandview Middle
Public
School Grade Level 6-8
School Students 450 students
School Teachers 14 student/
teacher
3
out of 5

Hickory Career & Arts Magnet High School
Public
School Grade Level 9-12
School Students 164 students
School Teachers 6 student/
teacher
n/a

Hickory High
Public
School Grade Level 9-12
School Students 1227 students
School Teachers 13 student/
teacher
n/a

LONGVIEW/SOUTHWEST
Public
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$

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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC