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.
Here is your chance to own a cash flowing rental property close to the newly redeveloped Downtown Concord. Easy access to everything in the area. This home is complete with granite counters, stainless appliances, LVP flooring and more. CCC is completing a massive project next door to improve the appeal of the area and bring much needed redevelopment to an underutilized site. This property has stayed rented since new with minimal turnover. Do not attempt to view property. It is tenant occupied.
Turnkey duplex in a high-demand location. Each unit offers 1 bedroom and 1 bathroom and has been fully renovated with new flooring, fresh paint, updated bathrooms, and modern kitchen cabinetry. With projected short-term rental income of up to $2,000 per month per unit, this property is perfectly positioned for investors looking to capitalize on Airbnb or furnished rental demand. For those seeking stability, long-term rental estimates of approximately $1,200 per unit provide a solid baseline return. Live in one unit and rent the other, or maximize cash flow by leasing both, this is a versatile investment in a location where demand continues to grow.
Andrea Conner, License #298336, Xome Inc., License #C24582, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Concord is located in North Carolina. Concord, North Carolina has a population of 102,566. Concord is more family-centric than the surrounding county with 36.41% of the households containing married families with children. The county average for households married with children is 35.91%.
The median household income in Concord, North Carolina is $78,775. The median household income for the surrounding county is $75,765 compared to the national median of $69,021. The median age of people living in Concord is 37.7 years.
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 28.7 degrees. The average rainfall is approximately 44.3 inches per year, with 3.5 inches of snow per year.
