310 Melrose Drive SW
Property Description
NEW CONSTRUCTION. DUPLEX. INVESTMENT OPPORTUNITY. $20,000 in concessions toward closing costs. Discover a premier new construction investment opportunity in Concord's most refined duplex. Each side offers 1,420 sq ft with 3 bedrooms and 2.5 baths, ideal for investors or owner-occupants, with no repairs needed. The main level features an open living area, a sleek kitchen with blue accents and quartz countertops, luxury vinyl flooring, a half bath, and a serene primary suite. Upstairs, two spacious bedrooms and flexible nooks work well as an office, nursery, or retreat. Each side includes walk-in closets, ample storage, and direct access to the newly renovated Marvin Caldwell Park. The home sits on a 0.28-acre lot just 5 minutes from downtown Concord and 20 minutes from Charlotte. It qualifies for a DSCR loan, so investors can use rental income to finance, and I'm happy to connect you with a trusted lender. Seller is offering up to $20,000 in concessions toward closing costs with an acceptable offer. Each unit is estimated to rent for approximately $2,200 to $2,400 per month, bringing in approximately $4,400 to $4,800 combined monthly rental income, or approximately $52,800 to $57,600 gross annual rent before expenses and vacancy. Contact me today! Photos include virtual enhancements (AI). Green grass shown in some photos has been virtually added for visualization and is not present on the property
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $580,000 |
| No. of Units: | 2 |
| Year Built: | 2026 |
| Opportunity Zone: | No |
| Price per unit: | $290,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 6 |
ID: 3yd-CMLSNC-4428809
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
544 Possum Creek Road
Bluff City, TennesseeBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout