414 11th SW St, Unit 11A Hickory, NC 28602-2665
Property profile & analytics
414 11th SW St, Unit 11A Hickory, NC 28602-2665
- Garden apartment buildings
- 6,732 SF
- 3.75 lot acres
Property ID
US53-1887439
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Beaver Run Apartments Hickory / Apartment Complex
Property Details for 414 11th SW St
- Year built
- 2001
- Construction
- FRAME
- Lot size
- 3.75 lot acres
- Property size
- 6,732 SF
- Zone code
- R-4
- Property type
- Garden apartment buildings
- APN
- 3702-05-07-3786
- APU
- 370205073786
Description
This exceptional 24-unit apartment building, situated at 414 11th St SW in Hickory, NC, presents a compelling investment opportunity. Built in 2001, the property boasts 15,600 square feet on a 3.75-acre lot and offers an attractive unit mix of one-bedroom, one-bathroom apartments, each featuring an exterior balcony. The property's current Net Operating Income (NOI) is $132,423, yielding a 6.97% capitalization rate, with an asking price of $1,900,000 ($79,167 per unit and $121.79 per square foot). Benefiting from its strategic location just 1.8 miles from the new Appalachian State Graduate Campus and 1.5 miles from Hickory's central business district, the property enjoys easy access to major employers, retail amenities, restaurants, interstates, and schools. Catawba County's robust economic growth, driven by significant investments in data centers from companies like Apple and Microsoft, further enhances the property's long-term potential. The current owner has implemented successful value-add renovations, presenting opportunities to increase rents to market levels and further enhance profitability. This property offers investors a chance to capitalize on the thriving Hickory multifamily market, which is experiencing substantial growth due to its affordability and proximity to Charlotte. The combination of a strong existing NOI, value-add potential, and prime location makes this a highly attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hickory
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.3579
- Latitude
- 35.7267
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,797
$48,100
$1,216,900
$1,265,000
-
$48,100
$1,216,900
$1,265,000
