Active
5111 Ponderosa Drive
Conover NC, 28613
$3,499,000
$217.06 per sqft
Active
40 Beds
10 Baths
16,120 sqft
Multi-family
Built in 1981
Rental Income Investment Property on approximately 6.7 acres.
10 Duplexes with each building offering 2 Bedrooms/1 Bath per unit for a total of 20 units.
Updates: 7 units updated, 2 units in process of updates, 1 unit partially updated and ready to rent.
Recently installed 7 HVAC systems: 2022 (2), 2023 (2), 2024 (3)
Property Maintenance Building for storing materials also has washer/dryer hookups and plumbing for restroom.
Mail Boxes: owned by USPS and tenant must go through USPS to receive a new key for their mailbox.
Outdoor security lights: 3 security lights and 1 motion light on maintenance building.
Water: 5 wells w/3 having water treatment systems. Water safety testing has been done several times since purchase of property in 2021. Electric panel for well pumps located in property maintenance building.
Utilities provided by owner: water(well), sewer(septic), trash.
Tenant responsibility: Power(Duke Energy), Internet, TV service.
Washer/Dryer: hookups in each unit.
4225366
MLSⓇ ID
March 2, 2025
Listed
March 2, 2025
Updated
Interior Features
Bedrooms
40
Total Bathrooms
10
Full Bathrooms
10
Interior Features
Open Floorplan, Pantry
Appliances
Dishwasher, Electric Range, Refrigerator
Laundry Description
Electric Dryer Hookup, In Unit, Main Level, Washer Hookup
Floor Description
Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Electric
Heating
Yes
Heating Description
Central, Electric
Basement
Yes
Exterior/Building Features
Lot Size
6.68 Acres
Lot Features
Cleared, Green Area, Level, Open Lot, Rolling Slope
Architectural Style
Ranch
Sewer
Septic Installed
Patio And Porch
Covered, Front Porch
School Information
High School
Bunker Hill
Elementary School
Lyle Creek
Other Property Details
Garage
No
Parking
Driveway
View
No
County
Catawba
Water Source
Well
Courtesy of RE/MAX A-Team with Meredith Miller Carswell,
Listing Contact: [email protected]
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