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    OFF-MARKET
    Retail properties & Spaces

    2040 25 St Dr, Catawba, NC 28601

    0.5 ac lot Built 1966
    Property ID
    US53-0929923
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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