Great investment opportunity! If you're looking to start or add to your real estate portfolio here is a property in fast growing Concord. Situated on .63 acres just 3 miles from downtown Concord is a renovated quadplex, which contains 4 spacious 2 bed, 1 bath units. This is an ideal purchase for the next investor due numerous updates which include: roof, vinyl siding, kitchen cabinets, appliances, LVP flooring, and more (2019 & 2020). Crawl space work and moisture barrier, sub flooring for bottom 2 units (2023). New HVAC for the 2 downstairs units (2023). Also includes additional storage building for tenant to rent for additional storage and income. All units rented for $1050 per mo. The rents should be $1250 + per mo. All have leases that end at different times. All renters are current have been paying on time. Please DO NOT DISTURB TENANTS. No showings until accepted offer per seller.
MLS# | 4176146 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1983 |
Days On Site | 71 |
Listing Provided By | EXP Realty LLC Mooresville | Al DiRusso |
SQ Feet | 3,068 |
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Story(s) | 2 |
Units | 4 |
Zoning | RC |
Acreage | 0.63 |
State | NC |
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County | Cabarrus |
City | Concord |
Zip Code | 28027 |
Area | Cabarrus |
School District | Unspecified |
Elementary School | Unspecified |
Middle School | Unspecified |
High School | Unspecified |
Listing VS Median (in 28027) | |
Price: $700,000 low | high Med: $425,000 SqFt: 3,068 low | high Med: 2,412 $ / SqFt: $228 low | high Med: $176 On Site: 71 low | high Med: 1.000000 |