1307 County Home Rd.

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1307 County Home Rd.

Conover, NC 28613
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

1307 County Home Road is situated in Conover, North Carolina, within the Hickory-Lenoir-Morganton metropolitan area. The property is positioned in a suburban residential setting characterized by a blend of single-family homes and undeveloped parcels. Local amenities located within a three-mile radius include several grocery stores, dining options, and public parks. The site offers efficient regional connectivity, sitting less than two miles from the Interstate 40 interchange, which provides direct access to major employment hubs in Hickory and Statesville. As a multifamily asset, this location is suitable for garden-style apartment development or specialized housing projects. The surrounding demographic and proximity to transportation corridors make it an ideal fit for workforce housing or commuter-based residential units. Potential tenants likely include professionals employed within the nearby industrial and manufacturing sectors of Catawba County, as well as individuals seeking a suburban residential environment with convenient access to the regional highway network and central Conover services.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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