Welcome to your dream investment opportunity! Nestled in a quiet neighborhood, this remodeled Triplex is a rare gem in this real estate market. Fully remodeled in 2021, this property boasts modernity, comfort, and endless potential.
Each unit of this Triplex offers a spacious layout with three bedrooms and two full baths, providing ample space for comfortable living. With 1,200 square feet, there's plenty of room for relaxation & entertainment. Whether you're seeking a residence-to-house hack for yourself or a lucrative investment opportunity, this property delivers on both fronts.
But the appeal doesn't end there. This property sits on a lot that offers more than just space—it offers opportunity. With the potential to subdivide the lot, you have a chance to maximize your investment by building another Triplex or Duplex right on the premises. The possibilities are endless, whether you're looking to build & expand your real estate portfolio or capitalize on rental income.
Closed
$625,000
91 Glen Rae St SW, Concord, NC 28025
9beds
3,600sqft
Triplex
Built in 1959
-- sqft lot
$679,700 Zestimate®
$174/sqft
$1,831 Estimated rent
Home value
$679,700
$625,000 - $741,000
$1,831/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 20, 2024 at 01:39pm
Listing Provided by:
Peter Gardner petegardner88@gmail.com,
Dane Warren Real Estate
Bought with:
Michael Beirne
JPAR Legacy Group
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4114503
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Convection Oven, Dishwasher, Dual Flush Toilets, Electric Oven, Electric Range, Electric Water Heater, ENERGY STAR Qualified Refrigerator, Microwave, Oven
- Laundry: Electric Dryer Hookup, Utility Room, Washer Hookup
Features
- Flooring: Vinyl
- Doors: Insulated Door(s), Sliding Doors
- Windows: Insulated Windows
- Has basement: No
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
- Finished area above ground: 3,600
- Finished area below ground: 0
Property
Parking
- Parking features: Assigned, Driveway, Parking Lot, Parking Space(s)
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 0.65 Acres
- Features: Cul-De-Sac
Details
- Parcel number: 56206453740000
- Zoning: RC
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick Full
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer, County Sewer
- Water: City, County Water
Green energy
- Water conservation: Dual Flush Toilets
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Concord
- Subdivision: Underwood Park
Other
Other facts
- Listing terms: Cash,Construction Perm Loan,Conventional,FHA,FHA 203(K),Nonconforming Loan,VA Loan
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2024 | Sold | $625,000+4.3%$174/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4114503 | ||
| 3/6/2024 | Pending sale | $599,300$166/sqft |
Source: Canopy MLS as distributed by MLS GRID #4114503 | ||
| 3/1/2024 | Listed for sale | $599,300+465.4%$166/sqft |
Source: Canopy MLS as distributed by MLS GRID #4114503 | ||
| 5/14/2020 | Sold | $106,000$29/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,862 +155.4% | $287,300 +212.9% |
| 2023 | $1,120 +0.3% | $91,820 +0.3% |
| 2022 | $1,117 | $91,560 |
Find assessor info on the county website
Neighborhood: 28025
Nearby schools
GreatSchools rating
- 7/10W M Irvin ElementaryGrades: PK-5Distance: 2.3 mi
- 2/10Concord MiddleGrades: 6-8Distance: 2.5 mi
- 5/10West Cabarrus HighGrades: 9-12Distance: 3.3 mi
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Estimated market value
$679,700
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
$679,700