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2601,2602,2611,2621,2622, 31st Avenue Court NE

Hickory, NC 28601

24 beds
– baths
12,090 sqft
~3 acre lot
$156 per sqft
1996 build
– on site

Attention Investors! 100% Leased & Cash flowing. Fantastic opportunity in desirable NE Hickory for these 6 Duplexes on a private cul-de-sac, with ample parking and greenspace situated on ~3.3 acres (6 parcels). Located close to Highway 127 and Springs Road, as well as medical care, gas, shopping, grocery, etc.... Exceptional rental history, very low turnover, & including many long term tenants. All 12 units are currently occupied and leased, income producing with an approximate CAP Rate of ~6.3% based on 2024 numbers, & with room to grow! All units feature two spacious bedrooms, two full bathrooms, ample closet space, fridge, dishwasher, and range/oven, along with washer/dryer hookup in closet off of kitchen area. Low maintenance units. Sale also includes storage buildings that provides individual tenants with additional secure on site storage. Each tenant has access to paved parking with ample spaces. All units are non-smoking and no pets have been allowed.

Listing courtesy of CMLS / Horizon Realty Associates LLC

Last checked: Checking… • Last updated Feb 21, 2025 •

MLS# 4200270 —

The Building

Year Built:

1996
New Construction:

false
Construction Type:

Site Built
Subtype:

Duplex
Construction Materials:

Brick Full
# of Units Total:

12
Architectural Style:

Traditional
Roof:

Shingle
Foundation Details:

Basement, Crawl Space, Slab, Other - See Remarks
Basement:

Storage Space
Basement:

false
Patio And Porch Features:

Front Porch, Patio, Rear Porch, Other - See Remarks
Security Features:

Smoke Detector(s)
Building Area Total:

12090
Above Grade Finished Area:

12090

Interior

Flooring:

Carpet, Linoleum
Living Area:

12090
Fireplace:

false

Location

Latitude:

35.771746
Longitude:

-81.279267
Elevation:

1000

The Property

Type:

Residential Income
Lot Features:

Cul-De-Sac, Level
Lot Size Area:

3.32
Lot Size Units:

Acres
Zoning Specification:

R-20
Exterior Features:

Lawn Maintenance, Storage
Other Structures:

Shed(s)
Additional Parcels Description:

372414430567, 372414431561, 372414431354, 372414339322, 372414430340
Road Responsibility:

Private Maintained Road
Road Surface Type:

Asphalt, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

3724143395470000
Tax Assessed Value:

1583900

Beds

Bedrooms Total:

24

Baths

Full Baths:

24

The Listing

Special Listing Conditions:

Subject to Lease

Heating & Cooling

Heating:

Heat Pump
Cooling:

Heat Pump

Utilities

Utilities:

Cable Available, Electricity Connected, Underground Power Lines, Underground Utilities, Wired Internet Available
Sewer:

Septic Installed
Water Source:

City

Appliances

Appliances:

Dishwasher, Electric Range, Electric Water Heater, Oven, Refrigerator, Refrigerator with Ice Maker
Laundry Features:

Electric Dryer Hookup, In Kitchen, Inside, Laundry Closet, Main Level, Washer Hookup

Schools

Elementary School:

Snow Creek
Middle School:

Arndt
High School:

St. Stephens

The Community

Subdivision Name:

None
Restrictions:

No Representation
HOA Subject To:

None
Senior Community:

false
Pets Allowed:

No

Parking

Parking Features:

Driveway, Parking Space(s), Shared Driveway
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

false
Other Parking:

(Parking spaces: 3+ per Unit)

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/18/25 Feb 18, 2025	Listed / Active	CMLS	$1,890,000

Multifamily For Sale

$1,890,000

Listing provided by broker:

Jamie Maiella

Horizon Realty Associates LLC

jamiemrealestate@gmail.com

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Newest listings in St. Stephens, NC

This multifamily located in St. Stephens, NC 28601 is currently for sale for $1,890,000. 2601,2602,2611,2621,2622, 31st Avenue Court NE is a 12,090 square foot multifamily with 24 beds and – baths that has been on Estately for 4 days. This multifamily is in the attendance area of Snow Creek Elementary School, Saint Stephens High School, and Arndt Middle School.

Based on information submitted to the MLS GRID as of 2/22/2025 3:16 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.