48708 U S 52 Richfield, NC 28137
Estimated payment $10,194/month
Highlights
- Laundry Room
- Forced Air Heating and Cooling System
- Level Lot
- Four Sided Brick Exterior Elevation
About This Home
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.
Listing Agent
Wallace Realty Brokerage Email: keitheknight@gmail.com License #200248 Listed on: 08/20/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,630
Year Built
- Built in 1969
Lot Details
- Level Lot
- Cleared Lot
Home Design
- Four Sided Brick Exterior Elevation
Interior Spaces
- 21,900 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Crawl Space
- Electric Range
- Laundry Room
Bedrooms and Bathrooms
- 37 Bedrooms
- 24 Full Bathrooms
Parking
- 36 Open Parking Spaces
- Parking Lot
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Underground Utilities
- Private Sewer
Listing and Financial Details
- The owner pays for exterior maintenance, sewer
- Assessor Parcel Number 6613-03-44-8640
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,630 | $557,834 | $127,500 | $430,334 |
| 2023 | $4,630 | $557,834 | $127,500 | $430,334 |
| 2022 | $4,630 | $557,834 | $127,500 | $430,334 |
| 2021 | $4,630 | $557,834 | $127,500 | $430,334 |
| 2020 | $4,408 | $500,284 | $114,500 | $385,784 |
| 2019 | $4,453 | $500,284 | $114,500 | $385,784 |
| 2018 | $92 | $500,284 | $114,500 | $385,784 |
| 2017 | $4,453 | $500,284 | $114,500 | $385,784 |
| 2016 | $4,309 | $484,177 | $108,000 | $376,177 |
| 2015 | $4,353 | $484,177 | $108,000 | $376,177 |
| 2014 | $5,018 | $484,177 | $108,000 | $376,177 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | For Sale | $1,800,000 | -- | $82 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $610,000 | None Listed On Document | |
| Warranty Deed | $107,000 | Attorney | |
| Deed | -- | -- | |
| Trustee Deed | $289,000 | None Available | |
| Warranty Deed | $450,500 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $366,400 | Purchase Money Mortgage |
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4293668
APN: 6613-03-44-8640
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