Primary listing photo

1517 7th St, Statesville, NC, 28677

2beds
1baths
830sqft
$120,000
$145price/sqft
$960/moest. monthly cost
$38,400/yrincome needed

About This Home

Exceptional investment opportunity just minutes from downtown Statesville! This unique portfolio offers 16 total units across 12 separate parcels (Parcel ID(s): 4733876245; 4733885394; 4733886666; 4733992545; 4733994319; 4734800899; 4734807354; 4734807436; 4743093456; 4744140404; 4744049339), all situated on approximately 2.4 acres. Currently, eight (8) units are rented with a strong rental history and reliable tenants. The portfolio consists of two (2) triplexes and ten (10) single-family homes, providing a balanced mix of stable income and future potential. This combination of income-producing properties and redevelopment possibilities makes the portfolio well-suited for investors seeking both immediate cash flow and long-term upside. Conveniently located near Statesville amenities, these properties benefits from consistent demand and strong occupancy rates. With income in place from day one and additional value-add or development opportunities, this offering delivers stability, versatility, and long-term investment potential. Please note: Tenants are not to be disturbed. All showings must be scheduled by appointment only. Sold as a package and as-is.

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

6/10
2/10
Troutman Middle SchoolGrades 6-84.6 mi
1/10
Statesville High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Crawl Space
  • Construction materials: Shingle/Shake,Vinyl

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Oven,Refrigerator
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 830

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 830
  • Total interior livable area: 830 sqft

Primary Bedroom

  • Level: Main

Property

Details

  • Parcel number: 4733885394.000
  • Zoning: R5MFM
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.16 Acres

Parking

  • Total spaces: 2
  • Parking features: Attached Carport,Driveway
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 2