218 37th St SW - Manufactured Housing/Mobile Housing FOR SALE


Hickory, NC 28602
$675,000 USD
919-268-9892

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$675,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
null | Request Cap Rate

218 37th St SW
Hickory, NC 28602


HIGHLIGHTS

  • Income-producing asset with 7 units leased
  • Situated on ±2.5 acres, offering expansion or redevelopment potential
  • Located in Hickory, a high-demand rental market with strong growth trends
  • Easy access to I-40 and US-321 for regional connectivity
  • Option to acquire 10 additional units for portfolio scale

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

12

PRICE/UNIT

$56,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

-

APN/PARCEL ID

32356

ASK ABOUT THIS PROPERTY

Bryson MitchellM & J Realty GroupMore Info
919-268-9892

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Bryson MitchellM & J Realty GroupMore Info
919-268-9892

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.