2016 Concord Lake Road
Kannapolis, NC 28083
- 4 beds
- – baths
- 2,660 sqft
- ~1/2 acre lot
- $60 per sqft
- 1955 build
- – on site
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Tri-Plex. Great cash flow esidential property. Unit A 720 sq/ft now vacant, rent will be $550/month including water. Unit B 1100 sq/ft residential rental @$775/month utilities incl. Unit C 730 sq/ft rented@ $510/month including utilities. Property includes a storage/basement, 2 car garage & carport. zoned O&I Current rental income is $1,835 per month. Taxes $1,792 per year. Insurance is $784 per year. Cap rate: 14.15% - NOI:$15,640 per year. 18.33% yearly ROI with 20% down
Listing courtesy of CMLS / CK Select Real Estate
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Last updated Sep 4, 2023
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MLS# 3245110 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/28/17
Dec 28, 2017
|
Sold | CMLS | $160,000 | |
11/16/17
Nov 16, 2017
|
Pending | CMLS | ||
10/9/17
Oct 9, 2017
|
Price Changed | CMLS |