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 situated in the southeastern portion of Hickory, North Carolina, within Catawba County. The surrounding neighborhood features a blend of established residential pockets and light industrial zones, reflecting the region’s suburban character. The property offers proximity to the Henry River Mill Village and is located approximately three miles from the commercial corridors along Highway 70. Residents have straightforward access to Interstate 40, facilitating regional travel to neighboring hubs like Gastonia and Charlotte. This location is suitable for multifamily development or value-add redevelopment targeting the area’s workforce. The typical tenant profile includes individuals employed in Hickory’s manufacturing, logistics, and healthcare sectors who require commuting access to local employment enters. Given the site’s topography and surrounding land use, the asset is positioned for long-term rental use catering to households seeking modest, accessible housing within the Hickory-Lenoir-Morganton Metropolitan Statistical Area.

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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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