48708 Highway 52, Richfield NC
- 37 Bed
- 8.0 ac
For Sale $1,800,000
Remarks:
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.
General Information:
| List Price: | $1,800,000 |
| Status: | For Sale |
| Bedrooms: | 37 |
| Type: | Apartment |
| Parking: | Parking Lot, Parking Space(s) |
| MLS Number: | CAR4293668 |
| Lot Description: | Cleared, Level |
| Year Built: | 1969 |
| Sewer Type: | Private Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 11-13-2025 | Relisted | $1,800,000 | N/A |
| 10-26-2025 | Under Contract | $1,800,000 | N/A |
| 09-03-2025 | Listed | $1,800,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Richfield Elementary School | 2 miles | KG-05 | 5 |
| Morgan Elementary School | 7 miles | PK-05 | 4 |
| Rockwell Elementary School | 8 miles | PK-05 | 5 |
| Ethan H Shive Elementary School | 9 miles | PK-05 | 4 |
| Mount Pleasant Elementary | 9 miles | KG-05 | 7 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 48708 Highway 52, Richfield NC | 0 mi | $1,800,000 | days | |
| 48780 US 52 Highway, Richfield NC | 0.2 mi | $175,000 | days | |
| 47997 Wagoner Road, Richfield NC | 1.1 mi | $750,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28137
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Wallace Realty
48708 Highway 52, Richfield NC is a ft2 on a 8.000 acres lot. This is for $1,800,000. This has 37 bedrooms, baths, and was built in 1969.
Based on information submitted to the MLS GRID as of 2025-09-03 10:46:31 EST. 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. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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