515 China Grove Road
515 China Grove Road
China Grove, NC 28023
$799,900
- Bedrooms: 12
- Bathrooms:
- Lot Size: 4.61 Acres
Description
Investors, take note. 515 China Grove Rd offers a fantastic opportunity to own a refreshed multi-family property in a growing market. This property consists of three duplexes that have been recently updated with new siding, new roofs, and fresh exterior paint, enhancing curb appeal and long-term value. Placed in a quiet setting, this property should attract long-term renters. All units are 2 bedrooms and 1 bath. Each unit has its own laundry hookup. One unit has already been remodeled on the interior, showing the potential for future upgrades. With one vacancy and a couple of units currently rented below market, there is a clear value-add opportunity. Possibility for expansion with the additional acreage behind the units. China Grove is a quickly growing area, making appreciation a strong possibility. Whether you're looking to expand your existing portfolio or make your first investment in multi-family real estate, this property offers stability, upside potential, and long-term growth.
Property Summary
| Property Type: | Residential Income | Property Subtype : | Sixplex |
| Year Built : | 1970 | Construction Type : | Site Built |
| Lot Size : | 4.61 Acres | Living Area : | 6,382 sqft |
Appliances
- Other
More Information
- Construction : Brick Full, Vinyl
- Parking : Driveway, Parking Space(s)
- Heating : Heat Pump
- Cooling : Central Air, Heat Pump
- Water Source : Shared Well
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
Based on information submitted to the MLS GRID as of 02-22-2025 07:13:05 UTC 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.