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1307 County Home Rd 30 Unit Apartment Building For Sale Conover, NC 28613
INVESTMENT HIGHLIGHTS
- Close to Hickory, NC - strong industrial growth!
- Additional room in office to produce more income!
- Major renovations include updated washer/dryer, HVAC units, hot water heaters, & roof!
EXECUTIVE SUMMARY
Your next investment opportunity! The owners of this multifamily property have renovated units to varying degrees as the units have come available.?
Renovation highlights include:
?New flooring
?New kitchen cabinets
?New HVAC units
?New hot water heaters
?Energy efficient windows
?LED lighting
Property Addition:
?On-sight laundry
?New washers/dryers in 2024
Office on Property
?There is an office on the property not currently being utilized that could produce additional income
LOCATION.? LOCATION.? LOCATION!
Conover sits in the Hickory–Lenoir–Morganton MSA, which is undergoing a manufacturing and logistics resurgence.?
Direct access to I-40, US-70, and NC-16 easily connects Conover to Hickory (~10 min), Charlotte (~45 min), and Winston-Salem (~1 hour).?
Positioned along the NC Freight Rail Corridor & close to regional airports makes it ideal for logistics, workforce housing, and tenant accessibility.?
Companies like Apple, Corning, and Prysmian Group are fueling regional growth, bringing high-paying blue and white-collar jobs within a 30-minute commute.?
Conover is nestled between Charlotte and the Research Triangle, both of which anchor North Carolina's tech and data economy.?
Specifically:
Apple’s $1B data center in nearby Maiden, NC (just 15 mins from Conover)
Google’s $600M data facility in Lenoir (35 mins from Conover)
Facebook (Meta) and others have shown long-term interest in this energy-stable region for data operations
These data centers came for the cheap land, robust electrical grid, and fiber infrastructure that runs along this region’s rail and highway corridors.?
LOCATION.? LOCATION.? LOCATION!
Industrial-Tech Convergence
This area blends:
?Legacy manufacturing infrastructure
?A growing logistics sector
?Newer investments in tech-enabled manufacturing, like robotics, AI-driven warehousing, and precision machining
?The fiber and power infrastructure left behind (or built anew) by data center expansion has made this corridor ripe for tech-adjacent commercial and multifamily growth — hence, a kind of “data meets industrial” corridor.?
Conover is strategically positioned in a fiber-rich, infrastructure-heavy corridor that supports tech, logistics, and scalable housing demand.?
Unit Mix:
12 Units:
?1,150 sq ft
?3 bed, 1.5 bath
?Townhouse style
?Current rents: $1,350
12 Units:
?950 sq ft
?2 bed, 1.5 bath
?Townhouse style
?Current rents: $1,150
6 Units:
?750 sq ft
?1 bed, 1 bath
?Garden style
?Current rents: $950
Renovation highlights include:
?New flooring
?New kitchen cabinets
?New HVAC units
?New hot water heaters
?Energy efficient windows
?LED lighting
Property Addition:
?On-sight laundry
?New washers/dryers in 2024
Office on Property
?There is an office on the property not currently being utilized that could produce additional income
LOCATION.? LOCATION.? LOCATION!
Conover sits in the Hickory–Lenoir–Morganton MSA, which is undergoing a manufacturing and logistics resurgence.?
Direct access to I-40, US-70, and NC-16 easily connects Conover to Hickory (~10 min), Charlotte (~45 min), and Winston-Salem (~1 hour).?
Positioned along the NC Freight Rail Corridor & close to regional airports makes it ideal for logistics, workforce housing, and tenant accessibility.?
Companies like Apple, Corning, and Prysmian Group are fueling regional growth, bringing high-paying blue and white-collar jobs within a 30-minute commute.?
Conover is nestled between Charlotte and the Research Triangle, both of which anchor North Carolina's tech and data economy.?
Specifically:
Apple’s $1B data center in nearby Maiden, NC (just 15 mins from Conover)
Google’s $600M data facility in Lenoir (35 mins from Conover)
Facebook (Meta) and others have shown long-term interest in this energy-stable region for data operations
These data centers came for the cheap land, robust electrical grid, and fiber infrastructure that runs along this region’s rail and highway corridors.?
LOCATION.? LOCATION.? LOCATION!
Industrial-Tech Convergence
This area blends:
?Legacy manufacturing infrastructure
?A growing logistics sector
?Newer investments in tech-enabled manufacturing, like robotics, AI-driven warehousing, and precision machining
?The fiber and power infrastructure left behind (or built anew) by data center expansion has made this corridor ripe for tech-adjacent commercial and multifamily growth — hence, a kind of “data meets industrial” corridor.?
Conover is strategically positioned in a fiber-rich, infrastructure-heavy corridor that supports tech, logistics, and scalable housing demand.?
Unit Mix:
12 Units:
?1,150 sq ft
?3 bed, 1.5 bath
?Townhouse style
?Current rents: $1,350
12 Units:
?950 sq ft
?2 bed, 1.5 bath
?Townhouse style
?Current rents: $1,150
6 Units:
?750 sq ft
?1 bed, 1 bath
?Garden style
?Current rents: $950
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 30 | Lot Size | 2.63 AC |
| Property Type | Multifamily | Building Size | 34,377 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Zoning | R-9A - Residential, single family high density | ||
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.63 AC |
| Building Size | 34,377 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | R-9A - Residential, single family high density |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 12 | $1,350 | 1,150 |
| 2+1.5 | 12 | $1,150 | 950 |
| 1+1 | 6 | $950.00 | 750 |
PROPERTY TAXES
| Parcel Number | 3732129762920000 | Improvements Assessment | $1,842,900 |
| Land Assessment | $46,600 | Total Assessment | $1,889,500 |
PROPERTY TAXES
Parcel Number
3732129762920000
Land Assessment
$46,600
Improvements Assessment
$1,842,900
Total Assessment
$1,889,500
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1307 County Home Rd
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