4835 Horseshoe Bend Road

$1,199,000

Located just 15 minutes north of Hickory, this 10-UNIT APARTMENT COMPLEX in Hudson, NC overlooks the Western NC foothills and offers a 6.9% CAP! Maintained in excellent condition, each unit offers a covered front porch entrance, living room adjoining an eat-in kitchen, and an oversized half bath/laundry combo on the main level. Upstairs, you'll find two bedrooms sharing a spacious full bath. Tenants pay electricity, owner pays water and trash collection. Units are currently making $8,770/month in income with 2024 Pro Forma NOI showing at $82,915 (after expenses). Newest rental agreement signed at $1050/month. Seller financing available, call agent for details. See MLS for individual unit details and P&L.

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Interior

Total Bedrooms	20
Total Bathrooms	20
Full Bathrooms	10
Half Bathrooms	10
Laundry Room	In Bathroom, Main Level
Flooring	Carpet, Vinyl
Appliances	Electric Range, Electric Water Heater, Exhaust Hood, Refrigerator
Other Interior Features	Open Floorplan, Split Bedroom

Exterior

Stories	2
Water Source	County Water
Utilities	Electricity Connected
ROOF	Shingle, Metal
Parking	Assigned, Parking Space(s)
Heat type	Baseboard, Electric
Air Conditioning	Other - See Remarks
Sewer	Septic Installed
Substructure	Slab

Area & Lot

Status	For Sale
LIVING SPACE	10,256 Sq.Ft.
LOT SIZE	1.53 Acres
MLS® ID	4098650
Type	Multi-Family
Year Built	1989
Architecture Styles	Cottage
ELEMENTARY SCHOOL	Hudson
MIDDLE SCHOOL	Hudson
HIGH SCHOOL	South Caldwell

Financial

SALES PRICE	$1,199,000

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4835 Horseshoe Bend Road