1. North Carolina
  2. Conover
  3. 5111 Ponderosa Drive
$3,499,000

5111 Ponderosa Drive, Conover, NC 28613

  • 40 beds |
  • 10 baths |
  • 16,120 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1981
  • Property Lot Size Icon6.68acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $217/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Rental Income Investment Property on approximately 6.7 acres. 10 Duplexes with each building offering 2 Bedrooms/1 Bath per unit for a total of 20 units. Updates: 7 units updated, 2 units in process of updates, 1 unit partially updated and ready to rent. Currently rented: 7 updated units. Recently installed 7 HVAC systems: 2022 (2), 2023 (2), 2024 (3) Property Maintenance Building for storing materials also has washer/dryer hookups and plumbing for restroom. Mail Boxes: owned by USPS and tenant must go through USPS to receive a new key for their mailbox. Outdoor security lights: 3 security lights and 1 motion light on maintenance building. Water: 5 wells with 3 having water treatment systems. Water safety testing has been done several times since purchase of property in 2021. Electric panel for well pumps located in property maintenance building. Utilities provided by owner: water (well), sewer (septic), trash. Tenant responsible for: Power (Duke Energy), Internet, TV service. Washer/Dryer: hookups in each unit. 2 units include a full size stackable washer/dryer

Listing Status:
Active
Listing Office:
RE/MAX A-Team : 828-324-8326
MLS ID:
4225366
  • General: Open FloorplanPantry
  • Rooms: Primary BedroomBedroom(s)Bathroom(s)KitchenLiving RoomDining AreaBasementLaundry
  • Appliances: DishwasherElectric RangeRefrigerator
  • Laundry: Electric Dryer HookupIn UnitMain LevelWasher Hookup
  • Basement: Basement Garage DoorDaylightExterior EntryStorage SpaceUnfinishedWalk-Out Access
  • Flooring: CarpetVinyl
  • A/C: Central AirElectric
  • Heating: CentralElectric

This listing courtesy of RE/MAX A-Team

Monthly Payment

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

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Location

Schools Nearby

L

Lyle Creek Elementary School

1845 Edgewater Dr NW, Conover, NC, 28613

Grades KG-6

3.13 miles away

R

River Bend Middle School

4670 Oxford School Rd, Claremont, NC, 28610

Grades 7-8

7.41 miles away

B

Bunker Hill High School

4675 Oxford School Rd, Claremont, NC, 28610

Grades 9-12

7.21 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.