This is a rare chance to acquire a stabilized and value-add multifamily portfolio in the growing Hickory market. The property consists of 12 units on a generous ±2.5-acre site, offering both immediate income and future upside. Seven units are currently leased, providing cash flow from day one, while five units are in the process of being readied for occupancy—ideal for investors seeking a blend of stability and growth.
The location in Hickory, NC positions you within a dynamic region known for its strong rental demand and proximity to major employment hubs. Hickory sits between Charlotte and Asheville, offering convenient access to I-40 and US-321, making it attractive for commuters and local residents alike. The surrounding area features a mix of residential neighborhoods, retail conveniences, and community amenities, ensuring long-term tenant appeal.
An additional opportunity exists to purchase 10 more units, creating a scalable investment strategy for those looking to expand their portfolio in one of North Carolina’s most promising secondary markets. With ample land, there may also be potential for future development or site enhancements, subject to zoning.