5111 Ponderosa Drive
Conover, NC 28613
16120 sqft | 40 beds | 10 baths | #4225366
Description
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.
Property Details
- Basement DescriptionBasement Garage Door, Daylight, Exterior Entry, Storage Space, Unfinished, Walk-Out Access
- Lot FeaturesCleared, Green Area, Level, Open Lot, Rolling Slope
- Lot DescriptionCleared, Green Area, Level, Open Lot, Rolling Slope
- AppliancesDishwasher, Electric Range, Refrigerator
- InteriorOpen Floorplan, Pantry
- CoolingCentral Air, Electric
- Cooling FeaturesCentral Air, Electric
- SubdivisionPonderosa Village
- Sewer InformationSeptic Installed
- Parcel Number3734143482760000
- FoundationBasement, Slab
- Property TypeMulti-Family
- High SchoolBunker Hill
- Elementary SchoolLyle Creek
- Middle SchoolRiver Bend
- Original List Price$3,499,000
- Property SubtypeEightplex+
- Parking FeaturesDriveway
- Parking TypeDriveway
- CountyCatawba
- MLS #4225366
- Cost3499000
- MLS #4225366
- Square Feet16120
- Year Built1981
- Utility SourceWell
- PetsCall
- Bedrooms40
- Bathrooms10
- Full Baths10
- Days on Market (Cumulative)49
- Basement1
- Basement Finished1
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2025-03-02 21:41:05. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Last Updated: . Source: CANOPY
Listing Courtesy
Listing Agent: Meredith Miller Carswell (#CARCV70802), Email: Meredith@CarswellTeam.com
Listing Office: RE/MAX A-Team (#CARcv366)
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