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.
Under contract-no show
$799,900
515 China Grove Rd, China Grove, NC 28023
10beds
6,382sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$125/sqft
$-- HOA
What's special
Own laundry hookupNew roofsFresh exterior paintRemodeled on the interior
- 68 days
- on Zillow |
- 49 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 28, 2025 at 09:12am
Listing Provided by:
Josh Wilson josh@guardianrealestategrp.com,
Guardian Real Estate Group LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4223909

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Other
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Has basement: No
Interior area
- Total structure area: 6,382
- Total interior livable area: 6,382 sqft
- Finished area above ground: 6,382
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Parking Space(s)
- Has uncovered spaces: Yes
Lot
- Size: 4.61 Acres
Details
- Parcel number: 134002
- Zoning: RS
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Full, Vinyl
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Installed
- Water: Shared Well
Community & HOA
Community
- Subdivision: None
Location
- Region: China Grove
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $428,156
- Date on market: 2/17/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Road surface type: Dirt, Gravel, Paved
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