$700,000
For Sale

668 Faith Drive SW

Concord, NC 28027
Browse 15 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Great investment opportunity! If you're looking to start or add to your real estate portfolio here is a property in fast growing Concord. Situated on .63 acres just 3 miles from downtown Concord is a renovated quadplex, which contains 4 spacious 2 bed, 1 bath units. This is an ideal purchase for the next investor due numerous updates which include: roof, vinyl siding, kitchen cabinets, appliances, LVP flooring, and more (2019 & 2020). Crawl space work and moisture barrier, sub flooring for bottom 2 units (2023). New HVAC for the 2 downstairs units (2023).
Also includes additional storage building for tenant to rent for additional storage and income. All units rented for $1050 per mo. The rents should be $1250 + per mo. All have leases that end at different times. All renters are current have been paying on time. Please DO NOT DISTURB TENANTS. No showings until accepted offer per seller.

  • Interior Details
      • CoolingCentral Air, Window Unit(s), Other - See Remarks
      • Cooling FeaturesCentral Air, Window Unit(s), Other - See Remarks
  • Property Details
      • Square Feet3068
    • Parking
      • Parking FeaturesParking Lot
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1983
    • Material information
      • FoundationCrawl Space
  • Utilities / Energy Details
      • AppliancesDishwasher, Electric Range, Electric Water Heater
      • Sewer InformationPublic Sewer
      • Utility SourceCity
  • Community and Neighborhood Details
      • Elementary SchoolUnspecified
      • Middle SchoolUnspecified
      • High SchoolUnspecified
      • CountyCabarrus
      • ZoningRC
  • Financial Details
      • Original List Price$700,000
      • Days on Market (Cumulative)21
  • Restrictions
      • PetsConditional
  • Other
      • MLS #4176146

Location

Buck SchallReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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