2563 - 2627 Clover Rd - Apartments FOR SALE


Concord, NC 28027
$1,300,000 USD
704-420-4031
2563 - 2627 Clover Rd, Concord, NC for Sale
$1,300,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

2563 - 2627 Clover Rd
Concord, NC 28027


HIGHLIGHTS

  • Total Rent Roll: $7,150 per month ($85,800 annualized)
  • Total Taxes: ± $10,787 annually
  • Unit Mix: (1) 4-Bed/3-Bath w/ Efficiency Apt (2,176 SF) | (1) 3-Bed/2-Bath (1,150 SF) | (2) 2-Bed/2-Bath (1,083 SF each)
  • Tenant-Paid HOA: $50 per month per unit (covers landscaping)
  • Owner Responsibilities: Taxes, Insurance & Major CapEx (appliances, HVAC, roof, structure)

OVERVIEW

The Cloverdale Village Portfolio offers four stabilized single-family rental homes in Concord, NC - one of the fastest-growing cities in the U.S. - priced at $1.3 million across 1.34 acres. Generating $7,150 in monthly rent ($85,800 annualized), the portfolio provides immediate, reliable cash flow with strong appreciation potential fueled by rapid population growth, limited housing supply, and continued regional investment. Concord’s explosive expansion - driven by Charlotte spillover, the new Red Bull/Ball/Rauch beverage campus, and the emerging Riverwalk District - has pushed rents and home values steadily upward while sewer capacity limits continue to restrict new construction. This combination of stable income, constrained supply, and long-term market growth positions Cloverdale Village as a turnkey, cash-flowing investment with upside in one of the Carolinas’ most competitive submarkets

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

MF

APN/PARCEL ID

4599-76-3929-0000,4599-77-2153-0000,4599-77-2261-0000,4599-77-2373-0000,4599-77-3279-0000,4599-77-3424-0000,4599-77-4023-0000,4599-77-4337-0000

ASK ABOUT THIS PROPERTY

Jack McDermottLee & AssociatesMore Info
704-420-4031

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Jack McDermottLee & AssociatesMore Info
704-420-4031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.