Rare investment opportunity in the heart of Newton! This 11-unit brick apartment complex is situated on approximately 1.33 acres and consists of two buildings with ample on-site parking. Conveniently located within walking distance of Downtown Newton, the library, parks, shopping, restaurants, and more, the property offers an attractive combination of location, unit mix, and value-add potential. The complex features a diverse unit mix, including seven 2-bedroom/1.5-bath units, two 3-bedroom/1.5-bath units, and two single-level 2-bedroom/1-bath units. Currently, three of the eleven units are vacant, giving the next owner a unique opportunity to immediately implement their own leasing strategy, complete desired updates, and position the units to maximize future rental potential. The remaining occupied units provide existing rental income while the property is repositioned. Whether you're looking to expand an existing multifamily portfolio or take advantage of a value-add investment opportunity in a highly convenient location, this 11-unit property offers tremendous potential in vibrant Downtown Newton. Listing also found under commercial MLS# 4430429
Exceptional opportunity to own a newly constructed 5-unit multifamily property in Downtown Newton, just 20 minutes from Hickory and less than an hour from Charlotte. Ideal for investors seeking a quality, low-maintenance asset. Each unit offers an open floor plan with modern finishes, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and two dedicated parking spaces. Built on mono-slab foundations, these homes are designed for durability and reduced maintenance. With all major systems brand new and backed by builder warranties, owners can enjoy added peace of mind. Tenants are responsible for utilities and routine expenses within their units, helping simplify ownership and management. Conveniently located near shopping, dining, employers, and major commuter routes, this property is positioned to attract long-term tenant demand.
Andrea Conner, License #298336, Xome Inc., License #C24582, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Newton is located in North Carolina. Newton, North Carolina has a population of 13,081. Newton is less family-centric than the surrounding county with 18.17% of the households containing married families with children. The county average for households married with children is 26.83%.
The median household income in Newton, North Carolina is $55,391. The median household income for the surrounding county is $57,840 compared to the national median of $69,021. The median age of people living in Newton is 44.1 years.
The average high temperature in July is 87.8 degrees, with an average low temperature in January of 27.3 degrees. The average rainfall is approximately 45.6 inches per year, with 3.8 inches of snow per year.
