Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Beaver Run Apartments located at 414 11th St SW, 1.8 miles from the newly opened Appalachian State Graduate Campus, in Hickory, NC. This property is comprised of 24 units, built in 2001, that include 24, one-bedroom and one-bathroom floorplans. This property offers an investor the opportunity to continue to capitalize on proven in place value-add renovations to the interior of the units and increase rents to submarket levels. The Hickory multifamily market has experienced significant growth over the last several years, fueled by its proximity to Charlotte and residents seeking an economical alternative to higher priced rental rates seen within surrounding markets. This growth is projected to continue as Hickory’s economy has been influenced by similar patterns, rapidly transforming from a smaller, separate economy to a popular Charlotte submarket alternative for manufacturing, communication, data, and logistics. As the Hickory market continues to expand and gain national investor prominence, the Beaver Run Apartments are perfectly positioned to leverage this growth opportunity moving forward.