Commercial Apartment Building for Sale in North Carolina
Statesville, NC (Iredell County)

Asking Price: $350,000

Real Estate Value: $446,055

Established: 2003

Building SF: 7,476

Facilities: Apartment Complex SF: 7,476 SF (7,040 HSF, 436 Non-Heated SF). Total Acreage: 0.257 AC. Established two-story 6 unit apartment building with turn-key operation and great visibility, located near US-64, NC-90 in downtown Statesville. The units of the apartment are recently renovated with freshly painted interiors. The apartment complex has 6 rental units of which 2 office / retail spaces on the first floor can be leased to businesses.

Growth & Expansion: Turnkey operation. Immediate revenue upside potential with family or owner-operation, additional amenities, sales and marketing efforts.

Business Description

Priced lower than total estimated replacement cost of over $445,000 – great deal!!

Established two-story apartment building with turn-key operation and great visibility, located near US-64, NC-90 in downtown Statesville. The units of the apartment are recently renovated with freshly painted interiors. The apartment complex has 6 rental units of which 2 office / retail spaces on the first floor that can be leased to businesses.

This property is approximately 46 min (45.5 miles) from Charlotte-Douglas International Airport and 1.3 miles from Statesville Regional Airport via US-64, NC-90. Easy transportation and travel access, located near numerous restaurants and local businesses, it is just 1 hour 13 min (54.1 miles) from Charlotte, the largest MSA of the Carolinas!

Close to recreation, located approximately 20 min (11.8 miles) from scenic Lake Norman offering a myriad of boating and fishing activities on its 32,000 acres, as well as hiking along its shoreline. It is less than 2 hours from Asheville and the famed Biltmore Estate, and ski lodges in the Appalachian Mountains.

Located approximately 47 min (47.4 miles) from Winston-Salem, 1 hour 3 min (63.4 miles) from High Point, 1 hour 5 min (43.6 miles) from Concord, and 1 hour 10 min (75.3 miles) from Greensboro, this property is conveniently located with proximity to major eastern US cities.

The Statesville Region was ranked as the nation’s number two micropolitan area in 2011. Some of Statesville’s buildings are listed on the National Register of Historic Places. Most importantly, Statesville is marked by true Southern hospitality, a low cost of living and doing business, and the can-do spirit that’s synonymous with the Carolinas!

**Total Estimated Replacement Cost New: Over $445,000. Great Deal. Current owner has been a proud owner for more than a decade since 2003. Ideal investment for owner-operator or family-run business, passive income, or additional income after retirement!!!**

Owner financing is not available. For more details, please call (919) 428-9840. Information in this listing has been provided by the seller and third parties, and is subject to change without notice. Buyer must independently verify this information, and we assume no responsibility for its accuracy or completeness.

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