1307 County Home Rd Conover, NC 28613-2341

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.