$1,525,000
$1,595,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
0.69 Acres Lot
SOLD DATE : 12/13/2024
Key Details
Sold Price $1,525,000
Property Type Commercial
Sub Type None
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4186472
Sold Date 12/13/24
Year Built 1999
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type None
Property Description
Exceptional Investment Opportunity! This 10-unit apartment complex in the heart of Concord features 2-bedroom, 1-bathroom units, each approximately 800 sq. ft. Eight of the units have been fully renovated with luxury vinyl plank flooring, granite countertops, stainless steel appliances, and modern cabinetry. Upper units boast new decks, while lower units offer private patios, enhancing tenant satisfaction. The remaining two units, one partially renovated and the other leased month-to-month, provide immediate value-add potential. Located in a prime area near shopping, dining, and major highways, this well-maintained complex offers stable cash flow with room for rental growth. Don't miss this turnkey investment in Concord's high-demand rental market!
Location
State NC
County Cabarrus
Zoning RC
Interior
Flooring Vinyl
Appliance Bar Fridge, Dishwasher
Exterior
Fence Partial
Street Surface Paved
Porch Deck
Total Parking Spaces 20
Building
Lot Description Open Lot
Sewer Public Sewer
Water City
Structure Type Wood
New Construction false
Others
Senior Community false
Special Listing Condition None
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Bought with Philip Vitale • Keller Williams Select
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "