2016 Concord Lake Road, Kannapolis, North Carolina, 28083

Investment property with instant cash flow. This triplex as many opportunities now and for the future. This property is located on a main road, with growth in area would be a great investment by itself. This triplex has a great rental history. As of right now all units are currently under lease contract. Two of the tenants have been residents long term. Please do not disturb tenants, showings granted with accepted offer. Rental income is $1950 a month, with a Gross Cap Rate of 12.6%.

Active

$185,000

Multi-family

3 bds

2,687 Sqft

0.39 Acres

MLS

3568515

Built in 1955

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ADDRESS & DIRECTIONS

  • Street Address: 2016 Concord Lake Road
  • City: Kannapolis
  • State: North Carolina
  • County: Cabarrus
  • Directions:
    Located on Concord Lake Rd across the street form Kannapolis Charter School and 1 mile form Wall-Mart.

PROPERTY FEATURES

General Information

  • Architectural Style : Ranch
  • Zoning Description : O-I

Heating /Cooling Features

  • Heating : Wall Unit(s),Window Unit(s)
  • Water Heater : Gas

Interior Features

  • Laundry Features : Other
  • Appliances : Electric Cooktop,Refrigerator
  • Flooring : Cork

Parking Features

  • Parking Features :

Construction Features

  • Construction Status : Complete
  • Construction Type : Site Built
  • Construction Materials : Vinyl Siding
  • Foundation Details: Crawl Space

Utility Information

  • Water Source : Public
  • Sewer System : Public Sewer

SCHOOLS NEAR 2016 Concord Lake Road

  • Courtesy of United Real Estate-Queen City, Michael Murphy
  • Property last updated on CAROLINA-MLS : 1/21/2020 5:54:02 PM