5111 Ponderosa Dr, Conover, NC 28613

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.