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4835 Horseshoe Bend Road

Hudson, NC 28638

20 beds
15 baths
10,256 sqft
~2 acre lot
$116 per sqft
1989 build
– on site

Located just 15 minutes north of Hickory, this 10-UNIT APARTMENT COMPLEX in Hudson, NC overlooks the Western NC foothills and offers a 6.9% CAP! Maintained in excellent condition, each unit offers a covered front porch entrance, living room adjoining an eat-in kitchen, and an oversized half bath/laundry combo on the main level. Upstairs, you'll find two bedrooms sharing a spacious full bath. Tenants pay electricity, owner pays water and trash collection. Units are currently making $8,770/month in income with 2024 Pro Forma NOI showing at $82,915 (after expenses). Newest rental agreement signed at $1050/month. See MLS for individual unit details and P&L.

Listing courtesy of CMLS / Coldwell Banker Boyd & Hassell

Last checked: Checking… • Last updated Apr 30, 2024 •

MLS# 4098650 —

The Building

Year Built:

1989
New Construction:

false
Construction Type:

Site Built
Subtype:

Eightplex+
Construction Materials:

Brick Partial, Wood
Architectural Style:

Cottage
Roof:

Shingle, Metal
Patio And Porch Features:

Covered, Front Porch
Stories:

2
Basement:

false
Foundation Details:

Slab
# of Units Total:

10
Building Area Total:

10256
Above Grade Finished Area:

10256

Interior

Features:

Open Floorplan, Split Bedroom
Flooring:

Carpet, Vinyl
Living Area:

10256
Fireplace:

false

Location

Directions:

321N, left on Mission Rd, left on Hickory Nut Ridge, left on Horseshoe Bend Rd, on left.
Latitude:

35.82091588
Longitude:

-81.51620332
Elevation:

1000

The Property

Type:

Residential Income
Lot Size Dimensions:

1.53 Acres
Lot Size Area:

1.53
Lot Size Units:

Acres
Zoning Specification:

RA-20
Other Structures:

None
Road Frontage:

257
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Asphalt, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

2756430199
Tax Assessed Value:

397300

Beds

Bedrooms Total:

20

Baths

Full Baths:

10
Half Baths:

10

The Listing

Special Listing Conditions:

None
Buyer's Brokeage Compensation:

3

Heating & Cooling

Heating:

Baseboard, Electric
Cooling:

Other - See Remarks

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Installed
Water Source:

County Water

Appliances

Appliances:

Electric Range, Electric Water Heater, Exhaust Hood, Refrigerator
Laundry Features:

In Bathroom, Main Level

Schools

Elementary School:

Hudson
Middle School:

Hudson
High School:

South Caldwell

The Community

Subdivision Name:

None
Senior Community:

false
Complex Name:

None
Pets Allowed:

Conditional
HOA Subject To:

None

Parking

Parking Total:

20
Parking Features:

Assigned, Parking Space(s)
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

false
Assigned Spaces:

20

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/26/24 Feb 26, 2024	Price Changed	CMLS	$1,199,000	-4.1%
1/8/24 Jan 8, 2024	Listed / Active	CMLS	$1,250,000	100.0% (76.2% / YR)
9/16/22 Sep 16, 2022		CMLS	$625,000

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Newest listings in 28638

This multifamily located in NC 28638 is currently for sale for $1,199,000. 4835 Horseshoe Bend Road is a 10,256 square foot multifamily with 20 beds and 15 baths that has been on Estately for 113 days. This multifamily is in the attendance area of Baton Elementary School, Hudson Middle School, and South Caldwell High School.

Based on information submitted to the MLS GRID as of 4/30/2024 1:53 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.