Amanda J Crosby
BEDS0
BATHS
SQUARE FEET7,276
MLS#4430547
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare investment opportunity in the heart of Newton! This 11-unit brick apartment complex is situated on approximately 1.33 acres and consists of two buildings with ample on-site parking. Conveniently located within walking distance of Downtown Newton, the library, parks, shopping, restaurants, and more, the property offers an attractive combination of location, unit mix, and value-add potential.The complex features a diverse unit mix, including seven 2-bedroom/1.5-bath units, two 3-bedroom/1.5-bath units, and two single-level 2-bedroom/1-bath units.Currently, seven of the eleven units are vacant, giving the next owner a unique opportunity to immediately implement their own leasing strategy, complete desired updates, and position the units to maximize future rental potential. The remaining occupied units provide existing rental income while the property is repositioned.Whether you're looking to expand an existing multifamily portfolio or take advantage of a value-add investment opportunity in a highly convenient location, this 11-unit property offers tremendous potential in vibrant Downtown Newton.Listing also found under commercial MLS# 4430429
Property Features
Property Type: Multi Unit - Multiple
Heating: Natural Gas
Lot Size: 1.33 Acres
Roof Type: Architectural Shingle
Year Built: 1975
Feature Descriptions
Appliances: Gas Range, Refrigerator
Exterior: Brick Full
Foundation: Slab
Laundry: None
Parcel#: 3730208280420000
Parking: Assigned, Parking Lot, Parking Space(s)
Pets Allowed: No
Sewer: Public Sewer
Units: 11
Utilities: Electricity Connected, Natural Gas
Water: City
Local Schools
High School: Newton Conover
Middle School: Newton Conover
Elementary School: South Newton
Listed By / Shown By
Listed By
Agency Name: RU4 Real Estate, Inc.
Agency Contact: jairo@ru4realestatenc.com
Shown By
Agent Name: Amanda J Crosby
Agent Phone: (909) 289-3985
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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402 S Ashe Avenue | MLS# 4430547
This multi-family property located at 402 S Ashe Avenue , Newton, NC 28658 is currently listed for sale with an asking price of call for price. Search Newton real estate on amandac.lakenormanrealty.com today.