40 Beds

20 Full baths

20,489 SqFt


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"

Property Details
Price $2,559,000
Bedrooms 40
Full Baths 20
Property Style Colonial
Lot Size Area 2
Lot Size Area Units Acres
Property Type MultiFamily
MLS Sub type Multi-Family
Year Built 1940
Heating Window Unit(s)
Foundation Crawl Space
Laundry Features Main Level
Parking Description Parking Space - 2
Geographic Data
County Cabarrus
Latitude 35.420201
Longitude -80.610055
Address Information
Address 674 Central Drive NW, Concord, NC 28027
Postal Code 28027
City Concord
State NC
Country United States
Listing Information
Listing Office Great Homes of the Carolinas
Listing Office Phone 704-615-1469
Listing Agent Diana Borg
Listing Agent Phone 704-615-1469
Special listing conditions None
Terms 1031 Exchange, Cash
School Information
Elementary School Unspecified
Middle School Unspecified
High School Unspecified
MLS Information
Days on market 142
MLS Status Active
Listing Date Feb 28, 2022
Listing Last Modified Jul 20, 2022
Tax ID 5621-01-3875-0000
MLS # CAR3830592

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This information is believed to be accurate, but without any warranty.