48708 Highway 52

21,900 Sq. Ft.
$71 / Sq. Ft.
21,900
Sq. Ft.
$71
per Sq. Ft.

Description

12 All brick buildings with 23 apartment units, approximately 21,900 heated square feet, on 8 acres, zoned Highway Business, average yearly operating income $212,676, average yearly expenses $102,452.58, average net income $110,223. 16 of the 23 units have been renovated with heat pumps, replacement windows, LVP flooring, paint, & fixtures. There's room to build additional buildings & units if desired. Property is serviced by public water supply & on site private sewer treatment system. Great location...12 All brick buildings with 23 apartment units, approximately 21,900 heated square feet, on 8 acres, zoned Highway Business, average yearly operating income $212,676, average yearly expenses $102,452.58, average net income $110,223. 16 of the 23 units have been renovated with heat pumps, replacement windows, LVP flooring, paint, & fixtures. There's room to build additional buildings & units if desired. Property is serviced by public water supply & on site private sewer treatment system. Great location right on Highway 52 just outside Phifer University & near Hwy 49 with quick commute to Kannapolis, Concord, & Charlotte NC.
  1. Listed by Keith Knight • Wallace Realty • keitheknight@gmail.com

Property Details for 48708 Highway 52

Parking Features
Parking Lot, Parking Space(s)
LISTING UPDATED: 03/05/2026 04:18 PM

Property Details for 48708 Highway 52

StatusClosed
MLS #4293668
Days on Market102
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1969
Lot Size8.00 AC / 348,480 SF
CountyStanly County

Location

Listing Courtesy of Wallace Realty

Sold By NorthGroup Real Estate LLC

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Building Information for 48708 Highway 52

Stories-Residences-Year Built1969Building Size-Lot Size8.00 AC / 348,480 SF

Payment Calculator

$8,159 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,554

Property Taxes

$605

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 48708 Highway 52

Summary
Location and General Information
  • Longitude: -80.29347036
  • Latitude: 35.48631131
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $557,834.00
  • Parcel Number: 6613-03-44-8640
  • City Taxes Paid To: Misenheimer
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Open Spaces: 36.0
  • Parking: Open Parking YN: Yes
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 21900.0
  • Below Grade Finished Area: 0.0
  • Lot Features: Cleared, Level
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: High
  • New Construction YN: No
  • Photos Count: 34
  • Road Responsibility: Publicly Maintained Road, Private Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Private Sewer
  • Utilities: Electricity Connected, Underground Utilities
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Full
  • Road Surface Type: Asphalt, Gravel, Paved
  • Roof: Architectural Shingle
Interior Features
  • Appliances: Electric Range
  • Cooling: Central Air
  • Heating: Forced Air, Heat Pump
  • Laundry Features: In Unit
  • Door Features: Insulated Door(s)
  • Window Features: Insulated Window(s)
  • Foundation Details: Crawl Space
  • Basement YN: No
  • Stories: 1
Multi Family
Multi-Family Information
  • Unit Type: 1 Bedroom, 2 Bedroom
  • Number Of Units Total: 23
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Property History for 48708 Highway 52

DateEvent & SourcePriceAppreciation
Mar 4, 2026

Closed

CANOPY #4293668

$1,550,000—
Dec 26, 2025

Under Contract-Show

CANOPY #4293668

—
Nov 5, 2025

Listed (Active)

CANOPY #4293668

—
Oct 10, 2025

Under Contract-Show

CANOPY #4293668

—
Aug 20, 2025

Listed (Active)

CANOPY #4293668

$1,800,000—
Feb 14, 2023

Closed (Public Record)

Public Record #1513272958

$610,000

+2.0% / yr

Oct 26, 2007

Closed (Public Record)

Public Record #253886748

$450,500—
DateEvent & SourcePrice
03/04/2026

Closed

CANOPY #4293668

$1,550,000
12/26/2025

Under Contract-Show

CANOPY #4293668

—
11/05/2025

Listed (Active)

CANOPY #4293668

—
10/10/2025

Under Contract-Show

CANOPY #4293668

—
08/20/2025

Listed (Active)

CANOPY #4293668

$1,800,000
02/14/2023

Closed (Public Record)

Public Record #1513272958

$610,000

+2.0% / yr

10/26/2007

Closed (Public Record)

Public Record #253886748

$450,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 48708 Highway 52

Taxable ValueLand$184,000Additions$747,346Total$931,346
Tax Record2025$7,264 ($605 / month)
Home Facts
Total Finished SqFt1,664 SqFtAbove Grade Finished SqFt1,664 SqFtStories1Lot Size348,480 SqFtStyleDuplexYear Built1969ZoningMULTIPLECountySTANLYAPN661303448640

Schools near 48708 Highway 52

This home is within Stanly County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Richfield Elementary School
PublicK to 5

North Stanly Middle
Public6 to 8

North Stanly High School
Public9 to 12

Stanly STEM Early College
Public9 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Wallace Realty

Based on information submitted to the MLS GRID as of 03/05/2026 04:18 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.