56 Tribune Ave SW Concord, NC 28025
Ten Class B apartments in high-growth Concord, near downtown.
Building Details
- Year built
- 1999
Source:
Bullrealty
Listing Agent: Anna Rohde Yuan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Concord Multifamily Investment Opportunity
This proposed acquisition features 10 Class B apartments, each with two bedrooms and one bathroom, situated in the Charlotte suburb of Concord. The location is within walking distance of vibrant downtown Concord. The property is positioned to deliver immediate cash flow and appreciation, benefiting from market dynamics that favor landlords, including near-zero vacancies, rising household incomes, limited new supply, and accelerating population growth. The vacancy rate in the Concord/Kannapolis market is 2.1%. The population growth rate is 1.8% annually. The average household income for Cabarrus County is $112,653, increasing 6% year over year. Current in-place rents are below market.
Location Intelligence
Current Use by Public Records
Brown Magic LLC
Delivery Service
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.5747971
- Latitude
- 35.4007816
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FAQs
What type of property is this?
Apartment building - Ten Class B apartments in high-growth Concord, near downtown.
Where is this apartment building located?
The property is located at 56 Tribune Ave SW Concord, NC.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: - Immediate cash flow and appreciation potential in a high-growth, high-demand market.; - Located in Concord, a Charlotte suburb with near-zero vacancy rates.; - Below-market current rents offer significant upside potential.