$205,000
$225,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
466, 458 and 450 Spring ST NW Concord, NC 28025
6 Beds
4 Baths
2,584 SqFt
Key Details
Sold Price $205,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,584 sqft
Price per Sqft $79
MLS Listing ID 3497327
Sold Date 06/11/19
Bedrooms 6
Full Baths 4
Year Built 1945
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Multi-Family
Property Description
Great cash flow investment opportunity close to downtown Concord! Rented way below market value and still a solid 8 cap!! 1 Duplex and 2 single family homes for only 225K. 466, 458 and 450 Spring St NW. All units are currently rented. So many options are available for the right investor. Leave as-is and increase the rent to market value. Current total rent is $2,000 per month - market value is closer to 2,600 to 2,900 per month for all units. Flip the single family homes to payoff duplex and cash flow on the duplex. Rehab all properties and max out rental rates with new tenants. The possibilities are endless!! If you're looking for a solid investment opportunity without having to spend a ton of cash, this is the one for you.
Location
State NC
County Cabarrus
Interior
Heating Heat Pump
Flooring Carpet, Tile, Wood
Laundry Main Level
Exterior
Street Surface Dirt
Total Parking Spaces 2
Building
Lot Description Corner Lot
Building Description Wood Siding, Duplex
Foundation Crawl Space
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Josh McLeroy • Giving Tree Realty