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48708 Highway 52 Highway, Richfield, NC 28137

Local realty services provided by:CENTURY 21 First Choice Realty
Listed by: keith knight
Office: wallace realty
MLS#:4293668
Source:CH
48708 Highway 52 Highway,Richfield, NC 28137
$1,800,000
  • 37 Beds
  • 24 Baths
  • 21,900 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,800,000
  • Price per sq. ft.:$82.19

About this home

12 All brick buildings with 23 apartment units, approximately 21,900 heated square feet, on 8 acres, zoned Highway Business, average yearly operating income $212,676, average yearly expenses $102,452.58, average net income $110,223. 16 of the 23 units have been renovated with heat pumps, replacement windows, LVP flooring, paint, & fixtures. There's room to build additional buildings & units if desired. Property is serviced by public water supply & on site private sewer treatment system. Great location right on Highway 52 just outside Phifer University & near Hwy 49 with quick commute to Kannapolis, Concord, & Charlotte NC.

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Home facts

  • Year built:1969
  • Listing ID #:4293668
  • Updated:December 16, 2025 at 02:52 PM

Rooms and interior

  • Bedrooms:37
  • Total bathrooms:24
  • Full bathrooms:24
  • Living area:21,900 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Forced Air, Heat Pump

Structure and exterior

  • Year built:1969
  • Building area:21,900 sq. ft.
  • Lot area:8 Acres

Schools

  • High school:Unspecified
  • Elementary school:Unspecified

Finances and disclosures

  • Price:$1,800,000
  • Price per sq. ft.:$82.19
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