AMAZING opportunity to own a 4-plex in the heart of Concord, currently renting for a total of $3,200 per month. Just 1.1 miles from downtown, close to shops and restaurants, this 4-plex will be extremely easy to rent for years to come! Currently fully occupied, you will acquire instant cashflow potential. All units recently renovated in past 8 years & located in the Opportunity Zone. All units have their own water & electric meters. The character of this 1930's building makes it easy to attract renters. Each unit has its own kitchen & full bathroom. The units share a large parking area with plenty of room for all. There are a ton of unique & attractive features about this beautiful property. Don't miss this great opportunity for passive income & book your showing today!
Closed
$455,000
229 Academy Ave NW, Concord, NC 28025
4beds
2,936sqft
Quadruplex
Built in 1930
-- sqft lot
$494,700 Zestimate®
$155/sqft
$1,461 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 02, 2023 at 12:39pm
Listing Provided by:
Peter Greijn peter@referralrealtygrp.com,
Referral Realty US LLC
Bought with:
Carmela Hidalgo
Coldwell Banker Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 3926860
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Appliances
- Included: Electric Range, Electric Water Heater, Refrigerator
- Laundry: None
Features
- Flooring: Tile, Vinyl, Wood
Interior area
- Total structure area: 2,936
- Total interior livable area: 2,936 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Parking Lot
- Has uncovered spaces: Yes
Lot
- Size: 0.20 Acres
- Dimensions: 60 x 146
- Features: Level
Details
- Parcel number: 5620 58 3222 0000
- Zoning: RC
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Transitional
- Property subtype: Quadruplex
Materials
- Aluminum, Vinyl
- Foundation: Crawl Space, Other - See Remarks
- Roof: Composition
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Concord
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete, Paved
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Estimated market value
$494,700