402 S Ashe AVE Newton, NC 28658
7,276 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,276 sqft
Price per Sqft $206
MLS Listing ID 4430547
Construction Status Completed
Abv Grd Liv Area 7,276
Year Built 1975
Lot Size 1.330 Acres
Acres 1.33
Property Sub-Type Apartment
Property Description
The complex features a diverse unit mix, including seven 2-bedroom/1.5-bath units, two 3-bedroom/1.5-bath units, and two single-level 2-bedroom/1-bath units.
Currently, seven of the eleven units are vacant, giving the next owner a unique opportunity to immediately implement their own leasing strategy, complete desired updates, and position the units to maximize future rental potential. The remaining occupied units provide existing rental income while the property is repositioned.
Whether you're looking to expand an existing multifamily portfolio or take advantage of a value-add investment opportunity in a highly convenient location, this 11-unit property offers tremendous potential in vibrant Downtown Newton.
Listing also found under commercial MLS# 4430429
Location
State NC
County Catawba
Zoning R-7
Interior
Heating Natural Gas
Cooling Central Air
Appliance Gas Range, Refrigerator
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas
Roof Type Architectural Shingle
Street Surface Asphalt,Paved
Garage false
Building
Dwelling Type Site Built
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Construction Status Completed
Schools
Elementary Schools South Newton
Middle Schools Newton Conover
High Schools Newton Conover
Others
Pets Allowed No
Senior Community false
Restrictions No Restrictions
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition None