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  • $1,800,000

    48708 State Highway 52, Richfield, NC 28137

    36beds
    21,900sqft
    : 
    Multi Family
    Built in 1969
    -- sqft lot
    $-- Zestimate®
    $82/sqft
    $-- HOA

    What's special

    Heated square feetApartment unitsBrick buildingsLvp flooringReplacement windowsHeat pumps
    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.
    1 day
    on Zillow
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    Zillow last checked: 7 hours ago

    Listing updated: August 20, 2025 at 11:37am

    Listing Provided by:

    Keith Knight keitheknight@gmail.com,

    Wallace Realty

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4293668MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 48708 State Highway 52.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 36
    • Bathrooms: 24
    • Full bathrooms: 24
    Heating
    • Forced Air, Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Electric Range
    • Laundry: In Unit
    Features
    • Doors: Insulated Door(s)
    • Windows: Insulated Windows
    • Has basement: No
    Interior area
    • Total structure area: 21,900
    • Total interior livable area: 21,900 sqft
    • Finished area above ground: 21,900
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 36
    • Parking features: Parking Lot, Parking Space(s)
    • Uncovered spaces: 36
    Features
    • Stories: 1
    Lot
    • Size: 8 Acres
    • Features: Cleared, Level
    Details
    • Parcel number: 661303448640
    • Zoning: H-B
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick Full
    • Foundation: Crawl Space
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Sewer: Private Sewer
    • Water: City
    • Utilities for property: Electricity Connected, Underground Utilities

    Community & HOA

    Location
    • Region: Richfield

    Financial & listing details

    • Price per square foot: $82/sqft
    • Tax assessed value: $557,834
    • Date on market: 8/20/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: All Utilities
    • Electric utility on property: Yes
    • Road surface type: Asphalt, Gravel, Paved
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