154-156 Tournament Drive SW

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Address: 154-156 Tournament Drive SW, Concord, North Carolina, US
Created date: April 10, 2024
Date last updated: April 10, 2024

Property Description

Back on the market- Must arrange an exterior inspection before making an offer to be comfortable with foundation work needing to addressed- Fully rented duplex for sale a few blocks from downtown Concord. Two shotgun style 2BR/1BA, 695SF units. Basic finishes include tile/laminate floors, laminate counters, insulated vinyl windows, and stoves/refrigerators. Area has seen faster than market increase in values with full renovations and new homes built. Great rental history with very little vacancy over the past 10 years. Rents are now $895 & $840. 2023 cap rate at $159k was 9.4 with a management co. Self-managed potential is currently 10.5 cap rate. Walking the exterior and crawlspace is permitted during daylight hours. Please do not disturb tenants as both sides are occupied. Only CASH offers are being accepted.

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Multifamily type: Apartments
Price: $149,000
No. of Units: 2
Year Built: 1930
Lot Size: 1,390.00 Sq ft
Opportunity Zone: No
Price per unit: $74,500
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 2
Address: 154-156 Tournament Drive SW, Concord, NC 28025, USA
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