China Grove, NC 28023,515 China Grove RD
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China Grove, NC 28023,515 China Grove RD
China Grove, NC 28023,515 China Grove RD
China Grove, NC 28023,515 China Grove RD
China Grove, NC 28023,515 China Grove RD

$709,000

Est. payment /mo

$799,900

11.4%
Est.Price: ?

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515 China Grove RD China Grove, NC 28023

12 Beds

6 Baths

6,382 SqFt

SOLD DATE : 08/07/2025

Key Details

Sold Price $709,000

Property Type Multi-Family

Sub Type Sixplex

Listing Status Sold

Purchase Type For Sale

Square Footage 6,382 sqft

Price per Sqft $111

MLS Listing ID 4223909

Bedrooms 12

Full Baths 6

Year Built 1970

Lot Size 4.610 Acres

Property Sub-Type Sixplex

Property Description

Investors, take note. 515 China Grove Rd offers a fantastic opportunity to own a refreshed multi-family property in a growing market. This property consists of three duplexes that have been recently updated with new siding, new roofs, and fresh exterior paint, enhancing curb appeal and long-term value. Placed in a quiet setting, this property should attract long-term renters. All units are 2 bedrooms and 1 bath. Each unit has its own laundry hookup. One unit has already been remodeled on the interior, showing the potential for future upgrades. With one vacancy and a couple of units currently rented below market, there is a clear value-add opportunity. Possibility for expansion with the additional acreage behind the units. China Grove is a quickly growing area, making appreciation a strong possibility. Whether you're looking to expand your existing portfolio or make your first investment in multi-family real estate, this property offers stability, upside potential, and long-term growth.

Location

State NC

County Rowan

Zoning RS

Interior

Heating Heat Pump

Cooling Central Air, Heat Pump

Laundry Electric Dryer Hookup, Washer Hookup

Building

Foundation Crawl Space

Sewer Septic Installed

Water Shared Well

Structure Type Brick Full,Vinyl

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Subject to Lease

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Listed by Josh Wilson • Guardian Real Estate Group LLC • [email protected]
Bought with Leigh Brown • One Community Real Estate
agent

Michael C Cook

Agent | License ID: 261186

+1(704) 900-1688

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