2046 16th St NE, Hickory, NC 28601

Marcus & Millichap is pleased to present the Hickory 49 Portfolio in Hickory, NC. The properties can be purchased as a portfolio or individually. This property is a 4-unit property. The whole portfolio has a unit mix of 8 studios, 21 1bd x 1b, 6 2bd x 1b, and 14 2bd x 1.5b. All properties are close to each other with a maximum distance of 6.5 miles between the two properties furthest from each other. Conveniently located in Hickory, NC. This portfolio offers investors the unique opportunity to capitalize on seven assets with significant rental increases by modernizing interior upgrades and organic rent growth potential to match rents with competing properties within the submarket. The major employers in Hickory include Catawba Valley Medical Center, CommScope Inc., Corning Optical Communications LLC, and Frye Regional Medical Center. The major universities in the area include Lenoir-Rhyne University and Catawba Valley Community College. All properties are within 4 miles of Downt