Under contract

49 Corban Ave SW, Concord, NC 28025

Beds
14
Sqft
9,216
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byBritt Commercial Real Estate, LLC
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Overview

100% occupied with a current rent roll of $186,840 per year, 49 Corban Ave is an irreplaceable 14-unit multifamily asset located in the heart of Downtown Concord. The property 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.

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of bedrooms
14
Square feet
9,216
Lot size (acres)
0.44
Year built
1927

Interior features

Basement
Yes, Partially finished
Laundry
None

Garage and parking

Garage parking spaces
1

Utilities

Heating
Natural Gas
Cooling
Window Units
Sewer
Public Sewer
Water
Public Water

Public schools

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Sourced from: Canopy MLS MLS®#: 4382158 Last checked:

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