Sold
Last Sold Price
3 beds2,687 sqft$63/sqft
2016 Concord Lake Rd, Kannapolis, NC 28083
Multi FamilyProperty Type
0.39 acresLot Size
1955Year Built
$63/sq ftPrice per sq ft
1 carParking Spaces

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%.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%.
  • Listed by: • United Real Estate-Queen City michael.murphy.hlr@gmail.com
Listing closed: 02/24/2020 12:00 AM • Source: CANOPY, MLS#: 3568515

Location

Listing Courtesy of United Real Estate-Queen City

Sold By GW Estates and Homes, Inc

Add your commute

Payment Calculator

$864 per month

30 year fixed, 6.55% Interest

Principal and Interest

$864

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 2016 Concord Lake Road

Property Details
  • MLS Type: Residential Income / Triplex
  • Architectural Style: Ranch
  • Parking Features: Garage
Building Information
  • Year Built: 1955
  • Lot Size: 0.39 AC / 16,988 SF
Summary
Location and General Information
  • Longitude: -80.6019
  • Latitude: 35.457657
  • Directions: Located on Concord Lake Rd across the street form Kannapolis Charter School and 1 mile form Wall-Mart.
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • HOA Subject To Dues: No
  • Tax Assessed Value: $150,620.00
  • Parcel Number: 5622-25-9337-0000
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Other: Asphalt parking around back and gravel parking out front.
  • Garage Spaces: 1.0
  • Garage YN: Yes
  • Garage Main Level YN: No
Property
Lot Information
  • Below Grade Finished Area: 0.0
  • Lot Features: Paved
  • Lot Size Acres: 0.39
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • New Construction YN: No
  • Photos Count: 1
  • Road Responsibility: Publicly Maintained Road
  • Development Status: Completed
  • Construction Type: Site Built
  • Assumable: No
  • Proposed Special Assessment: No
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl
  • Patio And Porch Features: Rear Porch
  • Road Surface Type: Asphalt, Gravel, Paved
  • Roof: Fiberglass
Interior Features
  • Appliances: Electric Cooktop, Gas Water Heater, Refrigerator
  • Cooling: Window Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Other - See Remarks
  • Fireplace YN: No
  • Flooring: Cork
  • Foundation Details: Crawl Space
Room Information
Room Information
  • Room Count: 0.0
Multi Family
Multi-Family Information
  • Unit Type: 1 Bedroom, 2 Bedroom
  • Number Of Units Total: 3
Rental
Rent Information
  • Tenant Pays: Other
  • Pets Allowed: Conditional

Property History for 2016 Concord Lake Road

DateEvent & SourcePriceAppreciation
Feb 24, 2020

Closed

CANOPY #3568515

$170,000
Feb 21, 2020

Closed (Public Record)

Public Record #663650225

$170,000

+2.8% / yr

Jan 23, 2020

Under Contract-No Show

CANOPY #3568515

DateEvent & SourcePrice
02/24/2020

Closed

CANOPY #3568515

$170,000
02/21/2020

Closed (Public Record)

Public Record #663650225

$170,000

+2.8% / yr

01/23/2020

Under Contract-No Show

CANOPY #3568515

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2016 Concord Lake Road

Taxable ValueLand$132,420Additions$128,210Total$260,630
Home Facts
Baths3Total Finished SqFt2,906 SqFtAbove Grade Finished SqFt2,906 SqFtStories1Lot Size17,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1955Year Renovated1980ZoningO-ICountyCABARRUSAPN5622 25 9337

Schools near 2016 Concord Lake Road

This home is within Cabarrus County School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 11
Rating
School
Distance
Royal Oaks Elementary
PublicK to 8

Concord Middle
Public6 to 8

Concord High
Public9 to 12

Cabarrus Health Sciences Institute
Public9 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 28083

$340,000 | 4085 Claret Cup Drive, Kannapolis, NC 28083
Coming Soon

$340,000

3
Bedrooms
1,792
Square Feet
0.04
Acres
$425,000 | 317 South Ridge Avenue, Kannapolis, NC 28083
1/47
Open: 8/29 12:00PM - 02:00PM

$425,000

4
Bedrooms
1,967
Square Feet
0.29
Acres
$185,000 | 506 Grace Avenue, Kannapolis, NC 28083
1/21

$185,000

2
Bedrooms
977
Square Feet
0.26
Acres
$350,000 | 2108 Moose Road, Kannapolis, NC 28083
1/22

$350,000

3
Bedrooms
1,350
Square Feet
0.21
Acres
$250,000 | 1326 Washington Lane, Kannapolis, NC 28083
1/14

$250,000

3
Bedrooms
1,058
Square Feet
0.43
Acres
$399,900 | 621 Norland Avenue, Unit 2, Kannapolis, NC 28083
1/47

$399,900

4
Bedrooms
2,050
Square Feet
0.29
Acres
$290,000 | 302 North Ridge Avenue, Kannapolis, NC 28083
1/48
Open: 8/29 11:00AM - 01:00PM

$290,000

4
Bedrooms
2,089
Square Feet
0.26
Acres
$349,900 | 221 York Avenue, Kannapolis, NC 28083
1/43

$349,900

3
Bedrooms
1,242
Square Feet
0.16
Acres
a front view of a house with garden
1/25

$390,000

3
Bedrooms
2,552
Square Feet
0.22
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2016 Concord Lake Road, Kannapolis, NC 28083
$170,000
3
2,687
16,988
2
1
975
16,200
$70,000
2
1
1,072
38,280
2
1
1,030
14,375
3
2
1,107
24,500
11,250

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Real Estate-Queen City

Based on information submitted to the MLS GRID as of 04/01/2021 09:41 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.