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218 37th St SW 12 Unit Mobile Home Park $936,495 CAD ($78,041 CAD/Unit) Hickory, NC 28602
INVESTMENT HIGHLIGHTS
- Income-producing asset with 7 units leased
- Located in Hickory, a high-demand rental market with strong growth trends
- Option to acquire 10 additional units for portfolio scale
- Situated on ±2.5 acres, offering expansion or redevelopment potential
- Easy access to I-40 and US-321 for regional connectivity
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $936,495 CAD | Building Class | C |
| Price Per Unit | $78,041 CAD | Lot Size | 2.52 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2013 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Price | $936,495 CAD |
| Price Per Unit | $78,041 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.52 AC |
| Building Size | 11,000 SF |
| No. Stories | 1 |
| Year Built | 2013 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 32356 | Improvements Assessment | $199,306 CAD |
| Land Assessment | $77,001 CAD | Total Assessment | $276,306 CAD |
PROPERTY TAXES
Parcel Number
32356
Land Assessment
$77,001 CAD
Improvements Assessment
$199,306 CAD
Total Assessment
$276,306 CAD
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M & J Realty Group
218 37th St SW
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