Investment Opportunity: Two Story Duplex in Historic Concord NC. Good bones in a quiet community walking distance to the Greenway and only 3min from Downtown Concord! This duplex is split up by top/bottom floor, top floor entrance on side, bottom floor entrance in front. Nice 0.84 acre corner lot but seller plans to sub-divide back of land in backyard to keep for his wildlife observation. 1930’s home with original hardwood floors, long hallways and old world charm and a great opportunity to rehab to dramatically increase rent closer to market rate.
Both units currently tenant-occupied generating 1080/mo total from both. With rehab improvements to the property, the market rent is 1000/mo with an overall potential of generating 2000/mo in rental income.
Property needs exterior paint job or vinyl, needs new windows, updating in both kitchens, carpet replaced in both units, downstairs unit needs repainted, upstairs recently repainted, Roof replaced in 2007, HVAC in good working condition maintained regularly. 14C
PRICE DROP *NEW PRICE $135K*