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
$492,800 Zestimate®
$155/sqft
$1,595 Estimated rent
Home value
$492,800
$453,000 - $537,000
$1,595/mo
Zestimate® history
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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
Price history
| Date | Event | Price |
|---|---|---|
| 2/1/2023 | Sold | $455,000+1.1%$155/sqft |
Source:  Canopy MLS as distributed by MLS GRID #3926860 | ||
| 12/28/2022 | Pending sale | $450,000$153/sqft |
Source: Canopy MLS as distributed by MLS GRID #3926860 | ||
| 12/2/2022 | Listed for sale | $450,000+80.1%$153/sqft |
Source: Canopy MLS as distributed by MLS GRID #3926860 | ||
| 7/7/2020 | Listing removed | $249,900$85/sqft |
Source: GR8Realty4U Inc #3637307 | ||
| 7/3/2020 | Listed for sale | $249,900+1149.5%$85/sqft |
Source: GR8Realty4U Inc #3637307 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,448 +367.7% | $446,600 +472.9% |
| 2023 | $951 | $77,960 |
| 2022 | $951 | $77,960 |
Find assessor info on the county website
Neighborhood: Gibson Village
Nearby schools
GreatSchools rating
- 8/10Coltrane-Webb ElementaryGrades: K-5Distance: 0.4 mi
- 2/10Concord MiddleGrades: 6-8Distance: 2.4 mi
- 5/10Concord HighGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Coltrane-webb
- Middle: Concord
- High: Concord
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$492,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$492,800