$290,000

496 Gibson Drive NW, Concord, NC 28025

  • 4 beds |
  • 2 baths |
  • 1,845 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $157/sqft
  • Property List Date Icon Listed 5 days ago

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

Listing Status:
Active
Listing Office:
Branch Wealth Partners, LLC : 704-782-7272
MLS ID:
4326751
  • Appliances: Electric RangeOvenRefrigerator
  • Laundry: In Unit
  • A/C: Window Unit(s)
  • Heating: Baseboard
  • Parking: DrivewayParking spaces: 0
  • Roofing: Architectural Shingle
  • General: Site BuiltCrawl Space
  • Road/Access: DirtConcrete
  • Originating MLS: carolina
  • County: Cabarrus
  • Zoning: RV5621-30-2968-0000
  • Water: City
  • Sewer: Public Sewer
  • Source: carolina

This listing courtesy of Branch Wealth Partners, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Beverly Hills STEM Elementary School

87 Palaside Dr NE, Concord, NC, 28025

Grades KG-5

0.96 miles away

C

Concord Middle School

1500 Gold Rush Dr, Concord, NC, 28025

Grades 6-8

2.71 miles away

C

Concord High School

481 Burrage Rd NE, Concord, NC, 28025

Grades 9-12

1.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.