Last Sold Price
15 beds6,224 sqft$105/sqft
511 Spring St SW, Concord, NC 28025

Description

Attention investors! , don't miss out on this hard to find 8-plex in desirable downtown Concord area. All units have been recently renovated with new Kitchens w/granite, flooring, paint, bathrooms, lighting and more! Units are 100% occupied. Tenants pay ALL their own utilities, owner is only responsible for power and water in the laundry room. Four duplex's included in sale for total for 8 units. All units are 2 beds and 1 baths EXCEPT for 503 Spring St which was converted to 1 bed and 1 bath to...Attention investors! , don't miss out on this hard to find 8-plex in desirable downtown Concord area. All units have been recently renovated with new Kitchens w/granite, flooring, paint, bathrooms, lighting and more! Units are 100% occupied. Tenants pay ALL their own utilities, owner is only responsible for power and water in the laundry room. Four duplex's included in sale for total for 8 units. All units are 2 beds and 1 baths EXCEPT for 503 Spring St which was converted to 1 bed and 1 bath to put in laundry room.
LISTING CLOSED: 01/25/2019 12:00 AM

  1. Listed by DM Properties & Associates • frank@dmaherproperties.com

Property Details for 511 Spring Street Southwest

Status
MLS #
3444903
Days on Market
42
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Eightplex
Year Built
1950
Lot Size
0.62 AC / 27,007 SF
Architectural Style
Ranch
Parking Features
Parking Space(s)

Location

Listing Courtesy of DM Properties & Associates

Sold By DM Properties & Associates

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Building Information for 511 Spring Street Southwest

Stories-Residences-Year Built1950Building Size-Lot Size0.62 AC / 27,007 SF

Payment Calculator

$3,960 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,329

Property Taxes

$631

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 511 Spring Street Southwest

Summary
Location and General Information
  • Longitude: -80.568023
  • Latitude: 35.393714
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $442,230.00
  • Parcel Number: 5630-23-3007-0000
  • City Taxes Paid To: Concord
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Open Spaces: 4.0
  • Parking: Open Parking YN: Yes
  • Parking: Other: (Parking Spaces: 3+)
  • Garage Main Level YN: No
Property
Lot Information
  • Below Grade Finished Area: 0.0
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.62
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • New Construction YN: No
  • Photos Count: 18
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Full
  • Roof: Composition
Interior Features
  • Appliances: Dishwasher, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator
  • Heating: Central
  • Interior Features: Cable Prewire
  • Laundry Features: Common Area
  • Flooring: Carpet, Laminate
  • Foundation Details: Crawl Space
Room Information
Room Information
  • Room Count: 0.0
Multi Family
Multi-Family Information
  • Unit Type: 1 Bedroom, 2 Bedroom
  • Unit Room Type: Breakfast, Kitchen, Living Room
  • Number Of Units Total: 8
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Pets Allowed: Conditional

Property History for 511 Spring Street Southwest

DateEvent & SourcePriceAppreciation
Jan 25, 2019

Closed

CANOPY #3444903

$655,000
Nov 29, 2018

Under Contract-No Show

CANOPY #3444903

Oct 18, 2018

Listed (Active)

CANOPY #3444903

$695,000
DateEvent & SourcePrice
01/25/2019

Closed

CANOPY #3444903

$655,000
11/29/2018

Under Contract-No Show

CANOPY #3444903

10/18/2018

Listed (Active)

CANOPY #3444903

$695,000

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

Public Records for 511 Spring Street Southwest

Taxable ValueLand$88,000Additions$672,060Total$760,060
Tax Record2025$7,570 ($631 / month)
Home Facts
Total Finished SqFt1,628 SqFtAbove Grade Finished SqFt1,628 SqFtStories1Lot Size27,318 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated1995ZoningRCCountyCABARRUSAPN5630 23 3007Fireplace TypeHas Fireplace

Schools near 511 Spring Street Southwest

This home is within Cabarrus County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
R B McAllister Elementary
PublicPK to 5

Concord Middle
Public6 to 8

Concord High
Public9 to 12

Cabarrus County Opportunity School
Public6 to 12

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.

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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 DM Properties & Associates

Based on information submitted to the MLS GRID as of 04/01/2021 09:09 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.