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$799,900
5 Days On Site

515 China Grove Road
China Grove, NC 28023

For Sale|Multi Family|Active
12
Beds
6
Full Baths
0
Partial Baths
6,382
SqFt
$125
/SqFt
1970
Built
Subdivision:
None
County:
Rowan

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515 China Grove Road515 China Grove Road515 China Grove Road515 China Grove Road
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Mortgage Calculator

Monthly Payment (Est.)

$3,649
Calculator powered by Showcase IDX. Copyright ©2025 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$799,900
Days On Site 
5 Days
Bedrooms 
12
Inside Area (SqFt) 
6,382 sqft
Total Baths 
6
Full Baths 
6
Partial Baths 
N/A
Lot Size 
4.61 Acres
Year Built 
1970
MLS® Number 
4223909
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing first seen on site
5 days agoListing updated with changes from the MLS®
General Features
Parking 
Driveway
Property Sub Type 
Multi Family
Sewer 
Septic Tank
SqFt Above 
6382
SqFt Total 
6382
Water Source 
Shared Well
Zoning 
RS
Interior Features
Appliances 
Other
Basement 
Crawl Space
Cooling 
Central AirHeat Pump
Heating 
Heat Pump
Laundry Features 
Electric Dryer HookupWasher Hookup
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Exterior Features
Construction Details 
Brick
Community Features
Financing Terms Available 
CashConventional
Roads 
DirtGravelPaved
Schools
School District
Unknown
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Listing courtesy of Guardian Real Estate Group LLC josh@guardianrealestategrp.com


Listings courtesy of Canopy MLS as distributed by MLS GRID

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Last checked - 2025-02-22 10:02 PM UTC

Neighborhood & Commute
Source: Walkscore
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