Address
674 Central Drive NW, Concord, NC
Price
$ 2,559,000
Property Attributes
  • ID#3830592
  • TypeMulti-Family
  • CountyCABARRUS
  • CityConcord
  • AreaCabarrus County
  • Zip28027
  • StyleColonial
  • Price$ 2,559,000
  • Bedrooms40
  • Full Bathrooms20
  • Half Bathrooms0
  • Sqr Footage20489
  • Lot Size2 Acres
Data Source:
Canopy MLS
Property Description

RENTAL PORTFOLIO (19 PROPERTIES, 25 UNITS AVERAGING a hundred thousand each unit) located in the blooming area of Concord, Kannapolis and Albemarle. All properties are priced below market value with steady rental income that can increase significantly with some TLC and upgrading. DO NOT DISTURB OR TALK TO TENANTS! Only vacant units are available for showings. ALL Rents are currently below market value. Seller requires proof of funds at time of offer. Measurements based on tax records for each unit, pending measurement drawings. Buyers agent responsible to confirm all info that is important to the buyer. All units being sold "AS IS"

Elementary School Middle School High School
Unspecified Elementary School Unspecified Middle School Unspecified High School
Price History
2/28/2022 Listed $2,550,000

General Features

Appliances Other
Architectural Style Colonial
Car Hoasubjectto None
City Concord
Construction Materials Vinyl Siding, Wood Siding
Construction Type Site Built
County Cabarrus
Days on Market 147
Elementary School Unspecified
HLA Area 20489
Heating Window Unit(s)
High School Unspecified
Middle/Junior High School Unspecified
New Construction No
Pets Allowed Yes
Property SubType Multi-Family
Property Type Residential Income
Rent Includes None
Sewer Public Sewer, Septic Installed
Standard Status Active
Street Name Central
Structure Type Duplex
TaxAssessedValue 900000
Tenant Pays Cable TV, Electricity, Exterior Maintenance, Garbage Pick-up, Gas, Interior Common Lights, Outdoor Lighting, Water, All Utilities
Total Units 25
Year Built 1940
Zoning Description RC

Interior Features

Full Baths 20
Laundry Features Main Level
Street Suffix Drive
Total Bedrooms 40
Water Heater Other

Exterior Features

Living Area 20489
Building Area Total 20489
Foundation Details Crawl Space
Lot Size Area 2
Lot Size Units Acres
Main Level Garage YN Yes
Parking Features Parking Space - 2
Road Responsibility Public Maintained Road
Water Source Public, Well

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 28027

Price
AVG $1.58M
$2.56M
Visits
AVG 331
552
Year Built
AVG 1962
1940
Walkscore
AVG 26
38
Data Provided by Walkscore ® not using MLS data

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