5111 Ponderosa Drive, Conover, NC 28613

Local realty services provided by:Better Homes and Gardens Real Estate Paracle
#1#2#3
Listed by:meredith miller carswell
Office:re/max a-team
MLS#:4225366
Source:CH
5111 Ponderosa Drive,Conover, NC 28613
$3,499,000
  • 40 Beds
  • 10 Baths
  • 16,120 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,499,000
  • Price per sq. ft.:$217.06

About this home

Rental Income Investment Property on approximately 6.7 acres. 10 Duplexes with each building offering 2 Bedrooms/1 Bath per unit for a total of 20 units. Updates: 7 units updated, 2 units in process of updates, 1 unit partially updated and ready to rent. Recently installed 7 HVAC systems: 2022 (2), 2023 (2), 2024 (3) Property Maintenance Building for storing materials also has washer/dryer hookups and plumbing for restroom. Mail Boxes: owned by USPS and tenant must go through USPS to receive a new key for their mailbox. Outdoor security lights: 3 security lights and 1 motion light on maintenance building. Water: 5 wells w/3 having water treatment systems. Water safety testing has been done several times since purchase of property in 2021. Electric panel for well pumps located in property maintenance building. Utilities provided by owner: water(well), sewer(septic), trash. Tenant responsibility: Power(Duke Energy), Internet, TV service. Washer/Dryer: hookups in each unit.

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Home facts

  • Year built:1981
  • Listing Id #:4225366
  • Updated:July 18, 2025 at 01:17 PM

Rooms and interior

  • Bedrooms:40
  • Total bathrooms:10
  • Full bathrooms:10
  • Living area:16,120 sq. ft.

Heating and cooling

  • Cooling:Central Air

Structure and exterior

  • Year built:1981
  • Building area:16,120 sq. ft.
  • Lot area:6.68 Acres

Schools

  • High school:Bunker Hill
  • Elementary school:Lyle Creek

Utilities

  • Water:Well
  • Sewer:Septic (At Site)

Finances and disclosures

  • Price:$3,499,000
  • Price per sq. ft.:$217.06
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