Property profile

2040 25 St Dr Catawba, NC 28601

OFF-MARKET
Retail properties & Spaces
Property ID
US53-0929923
0.5 ac lot Built 1966
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Property summary

AI-generated overview

This versatile property at 2040 25th Street Drive NE, Catawba, NC, presents a unique investment opportunity. Situated on a 0.39-acre lot, this brick building offers a blend of residential and commercial potential, zoned CC-2. The property includes a three-bedroom home with one full bath and one half bath, along with an attached carport. Currently generating rental income of $1400 per month from tenants residing since 2020, this property offers immediate cash flow. Recent upgrades significantly enhance its value and appeal, including a new roof installed in 2018, an encapsulated crawlspace, and a new HVAC system put in place in 2023. The flexible zoning allows for various uses, including a duplex, residential dwelling, retail space, or office. Its convenient location near numerous businesses adds to its attractiveness. This property is priced at $215,000 and represents a strong investment opportunity for those seeking a blend of residential and commercial income streams. The property's condition and recent upgrades minimize immediate maintenance needs, maximizing return on investment. Don't miss this chance to acquire a well-maintained, income-producing property in a desirable location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1966
Lot 0.5 ac (21,780 SF)
UPID US53-0929923

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2040 25 St Dr Catawba, NC 28601
Catawba metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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