56 Tribune St - Apartments FOR SALE


Concord, NC 28025- Logan
$1,425,000 USD
980-226-6626
56 Tribune St, Concord, NC for Sale
$1,425,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

56 Tribune St
Concord, NC 28025
Logan


HIGHLIGHTS

  • 10 Class B 2 bedroom, 1 bathroom apartments located within walking distance of vibrant downtown Concord
  • Current in place rents below market, Vacancy rate of Concord/Kannapolis market: 2.1%
  • Population growth: 1.8% annually
  • Average household income for Cabarrus County $ 112,653 increasing 6% year over year
  • Limited supply of like kind of apartments
  • Bull Realty NC license number C17910

OVERVIEW

This proposed acquisition of 10 two bedrooms, one bathroom Class B apartments in this high growth, high demand, near-zero vacancy market of the Charlotte suburb of Concord is positioned to deliver immediate cash flow and appreciation due to market dynamics that strongly favor landlords: near-zero vacancies, rising household incomes, limited new supply, and accelerating population growth.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

10

PRICE/UNIT

$142,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied | 10-Unit Apartment Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RC

APN/PARCEL ID

5630-04-7520-0000

ASK ABOUT THIS PROPERTY

Anna Rohde YuanBull Realty Inc.More Info
980-226-6626

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Anna Rohde YuanBull Realty Inc.More Info
980-226-6626

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