BEDS2
BATHS1 full
SQUARE FEET998
MLS#4384073
STATUSActive
PROPERTY TYPEResidential - Single Family
Property Description
Well-maintained investment opportunity just minutes from Downtown Concord! Built in 1965, this charming home offers immediate cash flow with a reliable long-term tenant currently on a 3-month lease paying $1,050/month, with potential for future rental upside as rent is currently below market value.The property has been thoughtfully maintained over the years, including a roof replaced in 2020, gutters replaced in 2022, and crawlspace sill replacement within the last 10 years. Interior flooring and carpet are both in great condition, making this a truly turnkey opportunity. Tenant handles much of the routine property maintenance, contributing to the home's excellent condition and strong rental history.Features include a covered carport, all appliances conveying with the sale, and a convenient location near Downtown Concord, Gibson Mill, shopping, restaurants, entertainment, and easy access to major highways.Excellent opportunity for investors looking to add a solid income-producing property in a growing area!
Property Features
Property Type: Residential - Single Family
Fenced: Yes
Heating: Heat Pump
Home Style: Bungalow, Cottage, Ranch, Traditional
Lot Size: 0.16 Acres
Roof Type: Architectural Shingle
Stories: 1.0
Year Built: 1965
Feature Descriptions
Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Exhaust Fan, Exhaust Hood, Oven, Refrigerator, Washer, Washer/Dryer
Exterior: Aluminum
Flooring: Carpet, Laminate
Foundation: Crawl Space
Laundry: Electric Dryer Hookup, In Kitchen, Main Level, Washer Hookup
Lot: Corner Lot
Other Structures: Shed(s)
Parcel#: 5620-69-2410-0000
Parking: Attached Carport, Driveway
Sewer: Public Sewer
Utilities: Cable Connected
Water: City
Local Schools
High School: Concord
Middle School: Concord
Elementary School: Coltrane-webb
Listed By / Shown By
Listed By
Agency Name: Branch Wealth Partners, LLC
Agency Contact: christina@branchwealthpartners.com
Shown By
Agency Title: Lake Norman Realty
Agency Phone: 704-450-1175
Estimate Your Payment
Estimated Payment
$ 1,117.20 per month $1,059.16 Principal & Interest $0.00 Property Tax (data not provided by mls) $58.04 Homeowner's Insurance
112 Academy Avenue Nw | MLS# 4384073
This single family home located at 112 Academy Avenue Nw, Concord, NC 28025 is currently listed for sale with an asking price of $199,000. This property was built in 1965 and has 2 bedrooms and 1 full baths with 998 sq. ft. Search Concord real estate on www.lakenormanrealty.com today.