112 Academy Nw Avenue, Concord, NC 28025
- $160,447
- 2
- BD
- 1
- BA
- 932
- SqFt
Listing courtesy of Branch Wealth Partners, LLC. christina@branchwealthpartners.com
- List Price
- $160,447
- MLS#
- 4384073
- Status
- ACTIVE
- Days on Market
- 66
- Property Type
- Residential
- Architectural Style
- Bungalow, Cottage, Ranch, Traditional
- Distressed Property
- Yes
- Year Built
- 1965
- Price Change
- ▼ $14,550 1783621100
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Lot Size
- 7,100
- Lot Size Area
- 0.163
- Living Area
- 932
- Sq Ft Total
- 932
- County
- Cabarrus
- Subdivision
- No Neighborhood
- Special Conditions
- Subject to Lease
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!
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Additional Information
- Floor Coverings
- Carpet, Laminate
- Equipment
- Dishwasher, Dryer, Electric Oven, Electric Range, Exhaust Fan, Exhaust Hood, Oven, Refrigerator, Washer, Washer/Dryer
- Foundation
- Crawl Space
- Main Level Rooms
- Primary Bedroom, Bedroom(s), Bathroom-Full, Kitchen, Living Room, Dining Area
- Laundry Location
- Electric Dryer Hookup, In Kitchen, Main Level, Washer Hookup
- Heating
- Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Aluminum
- Roof
- Architectural Shingle
- Parking
- Attached Carport, Driveway
- Driveway
- Concrete, Paved
- Lot Description
- Corner Lot
- Elementary School
- Coltrane-webb
- Middle School
- Concord
- High School
- Concord
- Zoning
- RC
- Total Property HLA
- 932
- Master on Main Level
- Yes
Mortgage Calculator
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