5111 Ponderosa Drive, Conover NC
- 40 Bed
- 6.7 ac
For Sale $3,499,000
Remarks:
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.
Interior Features:
Open Floorplan, Pantry
General Information:
| List Price: | $3,499,000 |
| Status: | For Sale |
| Bedrooms: | 40 |
| Type: | Eightplex+ |
| Parking: | Driveway |
| MLS Number: | CAR4225366 |
| Subdivision: | Ponderosa Village |
| Style: | Ranch |
| Lot Description: | Cleared, Green Area, Level, Open Lot, Rolling Slope |
| Year Built: | 1981 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Lyle Creek |
| Middle: | River Bend |
| High: | Bunker Hill |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 04-30-2025 | Listed | $3,499,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Clyde Campbell Elementary | 2 miles | KG-06 | 6 |
| Webb A Murray Elementary | 2 miles | PK-05 | 5 |
| Lyle Creek Elementary | 3 miles | KG-06 | 4 |
| Saint Stephens Elementary | 3 miles | KG-06 | 2 |
| W M Jenkins Elementary | 4 miles | PK-05 | 7 |
| Shuford Elementary | 5 miles | PK-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 |
| 5111 Ponderosa Drive, Conover NC | 0 mi | $3,499,000 | days | |
| 1730 Woodbend Lane, Conover NC | 0.5 mi | $219,900 | days | |
| 3951 Springs Road, Conover NC | 0.5 mi | $269,500 | days | |
| 5309 Hall Street, Conover NC | 0.6 mi | $274,000 | days | |
| 4496 Springs Road, Conover NC | 0.7 mi | $314,900 | days | |
| 4008 Pinecrest Drive, Hickory NC | 0.7 mi | $560,000 | 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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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28613
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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 RE/MAX A-Team
5111 Ponderosa Drive, Conover NC is a ft2 on a 6.680 acres lot. This is for $3,499,000. This has 40 bedrooms, baths, and was built in 1981.
Based on information submitted to the MLS GRID as of 2025-04-30 10:36:38 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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