Entity Owned Property summary
This exceptional investment opportunity presents a meticulously renovated 30-unit apartment building in Conover, North Carolina. The property, situated on a 2.63-acre lot (APN 373212976292), consists of five, two-story buildings, all recently upgraded. Completed in 2024, renovations included brand new roofs, windows (installed in 2023), soffit, fascia, gutters, exterior paint, and landscaping. Twenty of the thirty units have undergone full renovations. The property boasts 100% occupancy,… offering a stabilized investment with a 7.40% cap rate and an asking price of $4,250,000 ($141,667 per unit). Built in 1969 and zoned R-A9, the complex includes an on-site laundry room and office space, equipped with new washers and dryers installed in 2024, though the office is not currently in full-time use. Its convenient location offers residents five-minute access to shopping and restaurants. This turnkey investment presents a strong potential for long-term growth and a steady income stream, making it an attractive opportunity for discerning investors. The property's energy-efficient upgrades, including LED lighting in some units and new windows, contribute to lower utility costs for both tenants and the owner.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
4 recorded sales · 11 properties nearbyComparable nearby
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
The R-9A district is designed to accommodate a relatively suburban style of single family development. The lots are typically larger than more urban lots and accommodate larger homes and yards. The district is served wel…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
