$170,000
$185,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
2016 Concord Lake RD Kannapolis, NC 28083
3 Beds
3 Baths
2,687 SqFt
Key Details
Sold Price $170,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,687 sqft
Price per Sqft $63
MLS Listing ID 3568515
Sold Date 02/24/20
Style Ranch
Bedrooms 3
Full Baths 3
Year Built 1955
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Multi-Family
Property Description
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%.
Location
State NC
County Cabarrus
Interior
Heating Wall Unit(s), Window Unit(s)
Flooring Cork
Fireplace false
Appliance Electric Cooktop, Refrigerator
Laundry Other
Exterior
Street Surface Asphalt,Gravel
Building
Lot Description Paved
Building Description Vinyl Siding, Triplex
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Ranch
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Geena Fie • GW Estates and Homes, Inc
Broker | License ID: NC 299399 | SC 105251
+1(704) 231-6024 | yourangelofrealestate@gmail.com