Concord, NC 28025,496 Gibson DR NW
Concord, NC 28025,496 Gibson DR NW
Concord, NC 28025,496 Gibson DR NW
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$290,000
Est. payment /mo
4 Beds
2 Baths
1,845 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,845 sqft

Price per Sqft $157

MLS Listing ID 4326751

Bedrooms 4

Full Baths 2

Abv Grd Liv Area 1,845

Year Built 1900

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Duplex

Property Description

This property brings in around $29,000 annually… a CASH FLOWING PROPERTY! Check out this amazing DUPLEX right in the heart of Concord—multi-unit properties like this are incredibly rare. Ideally located on the corner of Brookwood and Gibson near Downtown Concord, Gibson Mill, Concord Mills, hospitals, major highways and more! With low-maintenance features and reliable tenants, it's ready to start earning for you immediately.

Please respect the tenants' privacy—no showings until a contract is negotiated and signed.

All tenants are currently on a month-to-month lease. Both units have newer cabinets, and the Gibson unit features updated flooring. Most electrical and plumbing systems have been recently upgraded. The seller covers water, which has consistently been under $150 per month. Landscaping is only $30/month, and there are no other maintenance expenses.

On 226 Brookwood side refrigerator only conveys.
On Gibson side both stove and refrigerator convey.

Rental income breakdown:
• 1-bedroom units: $900/month
• 3-bedroom unit: $1,550/month

Location

State NC

County Cabarrus

Zoning RV

Interior

Heating Baseboard

Cooling Window Unit(s)

Appliance Electric Range, Oven, Refrigerator

Laundry In Unit

Exterior

Waterfront Description None

Roof Type Architectural Shingle

Street Surface Dirt,Concrete

Garage false

Building

Lot Description Corner Lot

Dwelling Type Site Built

Foundation Crawl Space

Sewer Public Sewer

Water City

Structure Type Vinyl

New Construction false

Schools

Elementary Schools Beverly Hills

Middle Schools Concord

High Schools Concord

Others

Pets Allowed Yes, Conditional

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Subject to Lease, None


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Listed by Christina Wright • Branch Wealth Partners, LLC • christina@branchwealthpartners.com

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Jess Maguire
Jess Maguire

Agent | License ID: 301389

+1(704) 207-3511 | jessmaguire@epique.me

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