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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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49 Corban Ave SW , Concord, NC 28025
$1,900,000
Est. Payment: $4,222.22/mo
14 Bed
14 Bath
9216 Sqft
Status: Under Contract-Show | Days on site: 64
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R09722 - 75913
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House Description

100% occupied with a current rent roll of $186,840 per year, 49 Corban Ave is an irreplaceable 14-unit multifamily asset located in the heart of Downtown Concord. The property offers a rare combination of in-place income and meaningful upside, with room to continue increasing rents to market. Full of timeless character and tasteful updates, the property features 9 of 14 units already renovated with modern finishes, along with significant capital improvements completed by current ownership. Positioned directly adjacent to the Downtown Concord Social District and surrounded by over $200M in completed and ongoing public and private investment, 49 Corban Ave offers investors a rare opportunity to own a generational downtown corner asset with in-place cash flow and a clear path to continued NOI growth.

Highlights

Listed by Zach Britt , 615-971-1553 Britt Commercial Real Estate, LLC , 615-971-1553.

Property Type

Multi-Family

Lot/Acreage
0.44

Year Built

1927

County

Cabarrus

Listing ID

4382158

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:14
  • Bathrooms:14
  • Full Bathrooms:14
Appliances:Electric Range, Refrigerator
Air Cond:Window Unit(s)
Fireplaces:
Above Ground Sq Ft:8016
Below Ground Sq Ft:1200
Basement:Apartment,Basement Garage Door,Basement Shop,Partially Finished,Storage Space
Water:City

Exterior Features

Zoning:RC
Roof:Architectural Shingle,Rubber
Sewer:Public Sewer
Parking Features:Parking Lot
Principal Interest
$4,222
Taxes
$1,211

Home Price

$1,900,000

Loan Details

30 yrs
%

Down Payment

20%
$380,000
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Monthly Price:
$4,222.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,222.22 $1,211.25 $0.00 $5,433.47
Yearly $50,666.67 $14,535.00 $0.00 $65,201.67
Total $1,520,000.00 $436,050.00 $0.00 $1,956,050.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Concord, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.