1. North Carolina
  2. China Grove
  3. 515 China Grove Road
$799,900

515 China Grove Road, China Grove, NC 28023

  • 12 beds |
  • 6 baths |
  • 6,382 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon4.61acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $125/sqft
  • Property List Date Icon Listed 5 months ago

Property 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.

Listing Status:
Pending
Listing Office:
Guardian Real Estate Group LLC : 704-880-4426
MLS ID:
4223909

This listing courtesy of Guardian Real Estate Group LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

China Grove Elementary School

514 S Franklin St, China Grove, NC, 28023

Grades PK-5

1.31 miles away

C

Corriher Lipe Middle School

214 W Rice St, Landis, NC, 28088

Grades 6-8

1.97 miles away

J

Jesse Carson High School

290 Kress Venture Rd, China Grove, NC, 28023

Grades 9-12

2.16 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.