2040 25 St Dr, Catawba, NC 28601
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.