49 Corban Sw Avenue, Concord, NC 28025
- $1,900,000
- 14
- BD
- 9,216
- SqFt
Listing courtesy of Britt Commercial Real Estate, LLC. zbritt@brittcre.com
- List Price
- $1,900,000
- MLS#
- 4382158
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 76
- Property Type
- Residential Income
- Year Built
- 1927
- Bedrooms
- 14
- Full Baths
- 14
- Lot Size
- 18,992
- Lot Size Area
- 0.436
- Living Area
- 9,216
- Sq Ft Total
- 9216
- County
- Cabarrus
- Special Conditions
- None
Property 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.
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Additional Information
- Equipment
- Electric Range, Refrigerator
- Foundation
- Basement
- Laundry Location
- None
- Heating
- Natural Gas, Other - See Remarks
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Brick Full
- Roof
- Architectural Shingle, Rubber
- Parking
- Parking Lot
- Driveway
- Asphalt, Paved
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- Zoning
- RC
- Total Property HLA
- 9216
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