1416 Salisbury Avenue, Albemarle, NC 28001
- $1,400,000
- 6,144
- SqFt
Listing courtesy of Premier Real Estate Team Inc.. premiersr77@gmail.com
- List Price
- $1,400,000
- MLS#
- 4315800
- Status
- ACTIVE
- Days on Market
- 279
- Property Type
- Residential Income
- Year Built
- 2025
- Lot Size
- 40,510
- Lot Size Area
- 0.93
- Living Area
- 6,144
- Sq Ft Total
- 6144
- County
- Stanly
- Special Conditions
- None
Property Description
Rare chance to acquire a portfolio of three duplexes (six total units) located in the growing city of Albemarle, North Carolina. All units are currently renting at $1,350 per door, providing reliable, predictable income from day one. 3 total buildings / 6 total units — sold as a package. Albemarle is a fast-developing regional hub within commuting range of Charlotte, yet still offers residents the small-town comfort investors love: expanding job market, affordable cost of living, quality schools, and proximity to lakes, parks, and outdoor recreation (Morrow Mountain, Badin Lake, Uwharrie National Forest). The city has been steadily attracting both residents and small business investment — the exact formula that supports long-term rent growth. This is the ideal play for investors seeking cash flow in a growth corridor without the volatility and pricing wars of the major metros. Duplexes are among the most resilient asset classes in residential real estate — easy to lease, easy to manage, and hard to overbuild.
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Additional Information
- Interior Features
- Storage
- Floor Coverings
- Carpet, Vinyl
- Equipment
- Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator with Ice Maker
- Foundation
- Slab
- Laundry Location
- In Kitchen
- Heating
- Electric, Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Vinyl
- Roof
- Architectural Shingle
- Parking
- Driveway
- Driveway
- Concrete, Paved
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- New Construction
- Yes
- Total Property HLA
- 6144
Mortgage Calculator
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