4255 Henry River Rd

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4255 Henry River Rd

Hickory, NC 28602
Asking Price
$1.15M
Asset Type
Multifamily
Class
Class B

What's Special

4255 Henry River Rd is located in the southwestern portion of Hickory, North Carolina, within Catawba County. The neighborhood combines suburban residential characteristics with proximity to regional industrial hubs. The property offers direct access to Highway 321 and is situated approximately two miles from Interstate 40, providing a logistical connection to both Gastonia and downtown Hickory. Nearby amenities include localized retail centers, grocery options, and the Henry River Mill Village. The site is positioned within a short drive of major regional employers and educational institutions like Lenoir-Rhyne University. This multifamily asset is positioned for residential redevelopment or continued housing use to meet the area’s demand for workforce lodging. The location is suited for a tenant profile consisting of professionals commuting to Hickory’s manufacturing and healthcare sectors, as well as small households seeking proximity to major transit corridors. Its placement near established infrastructure supports long-term residential occupancy. The surrounding zoning and neighborhood density favor a mix of long-term renters or local service workers requiring convenient highway access for regional mobility.

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NOI
$80,000
Cap Rate
6.96%
DSCR
1.17
Tight
Cash-on-Cash
3.40%
Monthly Payment
$5,689.573
Annual Cash Flow
$11,725.13

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