Presented by G Brokerage
Property Details Townhouse style apartments in Hudson, NC just 15 miles from Hickory. 38 units in 6 buildings. 30 units have 2 bedrooms, 1.5 baths. The remaining 8 units have 1 bedroom, 1 bath. Property is on city water and septic system. Price: $1,350,000 Professionally Managed 38 Units: 75% are 1 Bdrm, 1.5 Baths Siding Replaced on 5 of the 6 Buildings in the Last 5 Years Easily Accessible to Hickory, Lenoir, and Morganton View the full listing here: http://www.crelisting.net/clk4xuh4a/?stepid=107 Price: $1,350,000 No. Units: 38 Building Size: 19,248 SF Price/Unit: $35,526.32 Property Type: Multifamily Property Sub-type: Garden/Low-Rise Property Use Type: Investment Cap Rate: 6.38% No. Stories: 2 Year Built: 1984 Mountain Brook Estates
Location Location Description 15 miles from Hickory and 70 miles northwest of Charlotte.
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Population 1-mi. 3-mi. 5-mi. 2015 Male Population 1,397 7,813 18,711 2015 Female Population 1,421 7,850 18,890 % 2015 Male Population 49.57% 49.88% 49.76% % 2015 Female Population 50.43% 50.12% 50.24% 2015 Total Population: Adult 2,226 12,517 29,692 2015 Total Daytime Population 2,046 14,564 36,735 2015 Total Employees 106 4,687 13,655 2015 Total Population: Median Age 42 43 42 2015 Total Population: Adult Median Age 49 50 50 2015 Total population: Under 5 years 139 761 1,912 2015 Total population: 5 to 9 years 164 901 2,238 2015 Total population: 10 to 14 years 189 997 2,474 2015 Total population: 15 to 19 years 166 851 2,270 2015 Total population: 20 to 24 years 222 1,099 2,552 2015 Total population: 25 to 29 years 141 841 2,010 2015 Total population: 30 to 34 years 149 829 2,103 2015 Total population: 35 to 39 years 158 921 2,268 2015 Total population: 40 to 44 years 228 1,224 2,847 2015 Total population: 45 to 49 years 206 1,100 2,727 2015 Total population: 50 to 54 years 226 1,165 2,792 2015 Total population: 55 to 59 years 243 1,171 2,639
Population (Cont.) 1-mi. 3-mi. 5-mi. 2015 Total population: 60 to 64 years 180 1,059 2,403 2015 Total population: 65 to 69 years 170 956 2,166 2015 Total population: 70 to 74 years 118 762 1,742 2015 Total population: 75 to 79 years 56 531 1,251 2015 Total population: 80 to 84 years 41 303 717 2015 Total population: 85 years and over 22 192 490 % 2015 Total population: Under 5 years 4.93% 4.86% 5.08% % 2015 Total population: 5 to 9 years 5.82% 5.75% 5.95% % 2015 Total population: 10 to 14 years 6.71% 6.37% 6.58% % 2015 Total population: 15 to 19 years 5.89% 5.43% 6.04% % 2015 Total population: 20 to 24 years 7.88% 7.02% 6.79% % 2015 Total population: 25 to 29 years 5.00% 5.37% 5.35% % 2015 Total population: 30 to 34 years 5.29% 5.29% 5.59% % 2015 Total population: 35 to 39 years 5.61% 5.88% 6.03% % 2015 Total population: 40 to 44 years 8.09% 7.81% 7.57% % 2015 Total population: 45 to 49 years 7.31% 7.02% 7.25% % 2015 Total population: 50 to 54 years 8.02% 7.44% 7.43% % 2015 Total population: 55 to 59 years 8.62% 7.48% 7.02% % 2015 Total population: 60 to 64 years 6.39% 6.76% 6.39% % 2015 Total population: 65 to 69 years 6.03% 6.10% 5.76% % 2015 Total population: 70 to 74 years 4.19% 4.86% 4.63%
Population (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Total population: 75 to 79 years 1.99% 3.39% 3.33% % 2015 Total population: 80 to 84 years 1.45% 1.93% 1.91% % 2015 Total population: 85 years and over 0.78% 1.23% 1.30% 2015 White alone 2,689 14,839 34,184 2015 Black or African American alone 26 245 1,352 2015 American Indian and Alaska Native alone 14 66 138 2015 Asian alone 5 57 262 2015 Native Hawaiian and OPI alone n/a 2 9 2015 Some Other Race alone 46 282 1,074 2015 Two or More Races alone 38 172 582 2015 Hispanic 74 590 2,022 2015 Not Hispanic 2,744 15,073 35,579 % 2015 White alone 95.42% 94.74% 90.91% % 2015 Black or African American alone 0.92% 1.56% 3.60% % 2015 American Indian and Alaska Native alone 0.50% 0.42% 0.37% % 2015 Asian alone 0.18% 0.36% 0.70% % 2015 Native Hawaiian and OPI alone 0.00% 0.01% 0.02% % 2015 Some Other Race alone 1.63% 1.80% 2.86% % 2015 Two or More Races alone 1.35% 1.10% 1.55% % 2015 Hispanic 2.63% 3.77% 5.38% % 2015 Not Hispanic 97.37% 96.23% 94.62%
Population (Cont.) 1-mi. 3-mi. 5-mi. 2015 Not Hispanic: White alone 2,728 14,567 32,641 2015 Not Hispanic: Black or African American alone 26 159 1,284 2015 Not Hispanic: American Indian and Alaska Native alone 9 30 79 2015 Not Hispanic: Asian alone n/a 51 261 2015 Not Hispanic: Native Hawaiian and OPI alone n/a n/a 4 2015 Not Hispanic: Some Other Race alone 4 5 26 2015 Not Hispanic: Two or More Races 25 63 187 % 2015 Not Hispanic: White alone 92.51% 95.85% 92.17% % 2015 Not Hispanic: Black or African American alone 0.88% 1.05% 3.63% % 2015 Not Hispanic: American Indian and Alaska Native alone 0.31% 0.20% 0.22% % 2015 Not Hispanic: Asian alone 0.00% 0.34% 0.74% % 2015 Not Hispanic: Native Hawaiian and OPI alone 0.00% 0.00% 0.01% % 2015 Not Hispanic: Some Other Race alone 0.14% 0.03% 0.07% % 2015 Not Hispanic: Two or More Races 0.85% 0.41% 0.53% Population Change 1-mi. 3-mi. 5-mi. Total: Employees (NAICS) n/a n/a n/a Total: Establishements (NAICS) n/a n/a n/a
Population Change (Cont.) 1-mi. 3-mi. 5-mi. 2015 Total Population 2,818 15,663 37,601 2015 Households 1,132 6,355 15,087 Population Change 2010-2015 -94-467 -1,005 Household Change 2010-2015 -17-77 -141 % Population Change 2010-2015 -3.23% -2.90% -2.60% % Household Change 2010-2015 -1.48% -1.20% -0.93% Population Change 2000-2015 -131 466 2,186 Household Change 2000-2015 -1 317 1,038 % Population Change 2000 to 2015-4.44% 3.07% 6.17% % Household Change 2000 to 2015-0.09% 5.25% 7.39% Housing 1-mi. 3-mi. 5-mi. 2015 Housing Units 1,228 6,347 14,907 2015 Occupied Housing Units 1,133 6,038 14,049 2015 Owner Occupied Housing Units 764 4,410 10,403 2015 Renter Occupied Housing Units 369 1,628 3,646 2015 Vacant Housings Units 95 309 858 % 2015 Occupied Housing Units 92.26% 95.13% 94.24%
Housing (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Owner occupied housing units 67.43% 73.04% 74.05% % 2015 Renter occupied housing units 32.57% 26.96% 25.95% % 2000 Vacant housing units 7.74% 4.87% 5.76% Income 1-mi. 3-mi. 5-mi. 2015 Household Income: Median $36,455 $34,897 $34,237 2015 Household Income: Average $48,269 $49,200 $47,125 2015 Per Capita Income $19,390 $20,260 $19,201 2015 Household income: Less than $10,000 82 519 1,520 2015 Household income: $10,000 to $14,999 127 701 1,472 2015 Household income: $15,000 to $19,999 95 483 1,215 2015 Household income: $20,000 to $24,999 93 526 1,244 2015 Household income: $25,000 to $29,999 77 492 1,116 2015 Household income: $30,000 to $34,999 69 466 1,152 2015 Household income: $35,000 to $39,999 79 348 798 2015 Household income: $40,000 to $44,999 58 315 706 2015 Household income: $45,000 to $49,999 57 290 713 2015 Household income: $50,000 to $59,999 100 476 1,179 2015 Household income: $60,000 to $74,999 111 616 1,501 2015 Household income: $75,000 to $99,999 97 586 1,315 2015 Household income: $100,000 to $124,999 33 226 545 2015 Household income: $125,000 to $149,999 28 160 280 2015 Household income: $150,000 to $199,999 10 41 132
Income (Cont.) 1-mi. 3-mi. 5-mi. 2015 Household income: $200,000 or more 16 110 199 % 2015 Household income: Less than $10,000 7.24% 8.17% 10.07% % 2015 Household income: $10,000 to $14,999 11.22% 11.03% 9.76% % 2015 Household income: $15,000 to $19,999 8.39% 7.60% 8.05% % 2015 Household income: $20,000 to $24,999 8.22% 8.28% 8.25% % 2015 Household income: $25,000 to $29,999 6.80% 7.74% 7.40% % 2015 Household income: $30,000 to $34,999 6.10% 7.33% 7.64% % 2015 Household income: $35,000 to $39,999 6.98% 5.48% 5.29% % 2015 Household income: $40,000 to $44,999 5.12% 4.96% 4.68% % 2015 Household income: $45,000 to $49,999 5.04% 4.56% 4.73% % 2015 Household income: $50,000 to $59,999 8.83% 7.49% 7.81% % 2015 Household income: $60,000 to $74,999 9.81% 9.69% 9.95% % 2015 Household income: $75,000 to $99,999 8.57% 9.22% 8.72% % 2015 Household income: $100,000 to $124,999 2.92% 3.56% 3.61% % 2015 Household income: $125,000 to $149,999 2.47% 2.52% 1.86% % 2015 Household income: $150,000 to $199,999 0.88% 0.65% 0.87% % 2015 Household income: $200,000 or more 1.41% 1.73% 1.32% Retail Sales Volume 1-mi. 3-mi. 5-mi. 2015 Childrens/Infants clothing stores $284,870 $1,604,536 $3,800,147 2015 Jewelry stores $101,198 $573,900 $1,350,369 2015 Mens clothing stores $334,150 $1,888,860 $4,445,725 2015 Shoe stores $338,744 $1,910,659 $4,504,026
Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Womens clothing stores $580,364 $3,286,059 $7,728,923 2015 Automobile dealers $4,514,045 $25,617,371 $60,150,038 2015 Automotive parts and accessories stores $903,711 $5,108,465 $12,019,470 2015 Other motor vehicle dealers $139,225 $777,883 $1,838,090 2015 Tire dealers $403,951 $2,284,794 $5,374,575 2015 Hardware stores $18,544 $105,178 $244,960 2015 Home centers $188,653 $1,077,524 $2,514,337 2015 Nursery and garden centers $229,337 $1,316,016 $3,075,003 2015 Outdoor power equipment stores $104,629 $598,774 $1,404,474 2015 Paint andwallpaper stores $21,798 $124,500 $291,572 2015 Appliance, television, and other electronics stores $612,221 $3,473,682 $8,161,122 2015 Camera andphotographic supplies stores $44,917 $254,656 $594,888 2015 Computer andsoftware stores $1,704,601 $9,614,063 $22,668,450 2015 Beer, wine, and liquor stores $287,764 $1,627,754 $3,825,440 2015 Convenience stores $1,272,692 $7,174,174 $16,943,405 2015 Restaurant Expenditures $1,191,859 $6,750,775 $15,855,911 2015 Supermarkets and other grocery (except convenience) stores $4,829,087 $27,256,518 $64,363,563 2015 Furniture stores $423,460 $2,396,970 $5,627,804 2015 Home furnishings stores $1,535,723 $8,706,746 $20,461,854 2015 General merchandise stores $7,897,187 $44,868,873 $105,395,178 2015 Gasoline stations with convenience stores $4,083,192 $23,022,466 $54,310,354
Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi. 2015 Other gasoline stations $2,961,586 $16,699,359 $39,379,178 2015 Department stores (excl leased depts) $7,795,989 $44,294,973 $104,044,809 2015 General merchandise stores $7,897,187 $44,868,873 $105,395,178 2015 Other health and personal care stores $307,054 $1,742,178 $4,091,057 2015 Pharmacies and drug stores $1,270,054 $7,201,514 $16,940,963 2015 Pet and pet supplies stores $345,476 $1,948,677 $4,590,236 2015 Book, periodical, and music stores $51,437 $292,424 $684,245 2015 Hobby, toy, and game stores $145,336 $823,581 $1,941,409 2015 Musical instrument and supplies stores $14,179 $79,969 $186,534 2015 Sewing, needlework, and piece goods stores $27,594 $157,139 $368,482 2015 Sporting goods stores $134,869 $765,524 $1,797,486
Broker Profile Gordon Allebach Gordon Allebach has over twenty years of real estate experience in the acquisition of commercial properties and development of residential homes throughout the country. He has owned and operated apartment properties, office buildings and retail centers in Illinois, North Carolina and Florida. Currently, Gordon is currently focused on his role as CEO of G Brokerage. He is also involved in acquiring and managing the company portfolio of real estate holdings, and a future 200 acre mixed unit development in Costa Rica. Current Occupation: Founder / President gallebach@gmail.com (704) 837-0202 Work Experience: Gordon Allebach is currently focused on his role as CEO of G Brokerage. He has also successfully managed acquisition and development projects through Allebach Development Group and several partnerships. His primary focus has been in value added deals and new construction projects. He has seen these projects through from conception, execution, management, and sales. These development opportunities have included residential and commercial real estate in Chicagoland, Greater Charlotte, and the country of Costa Rica. Education: BA Michigan State UniversityLicensed Real Agent in North Carolina and South CarolinaBIC / Broker in Charge CertificationContinuing Education in Real Estate G Brokerage 19501 W Catawba Ave Cornelius, NC 28031 Organizations/Associations: Website: National Association of REALTORS, LoopNet, Inc. http://www.gbrokerage.com