49 Corban Ave SW - Apartments FOR SALE


Concord, NC 28025- South Corban Avenue
$1,900,000 USD
615-971-1553
49 Corban Ave SW, Concord, NC for Sale
$1,900,000 USD
Apartments - FOR SALE
1/37
null | 6.67% Cap Rate

49 Corban Ave SW
Concord, NC 28025
South Corban Avenue


OVERVIEW

Located in the heart of Downtown Concord, this irreplaceable 14-unit multifamily asset 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.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

14

PRICE/UNIT

$135,714

CAP RATE

6.67%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,085 SF

ZONING

RC

APN/PARCEL ID

5620-96-1902-0000,5620-97-1040-0000

ASK ABOUT THIS PROPERTY

Zach BrittBritt Commercial Real Estate LLCMore Info
615-971-1553

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

Zach BrittBritt Commercial Real Estate LLCMore Info
615-971-1553

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