Investment Opportunity in a GREAT Location!! This duplex is ready for its next investor. Convenient access to Concord, Kannapolis, shops, restaurants, medical facilities & Hwy I-85. Each unit has 3 bedrooms, 2 full baths, laundry rooms & is over 1000 sq ft per side with individual concrete driveways per side. Heat pumps-approx 3yrs old, roof approx.7 yrs old, all electric (no gas), ceramic tile floors & windows have been replaced. Currently, both units are tenant-occupied, ensuring immediate rental income & Tenant pays all utilities. Whether you're looking for steady rental income or a place to eventually call home while leveraging the potential of the other unit, this duplex is a great choice. Home to be sold “As Is”. Seller to make no repairs-there are a few broken floor tiles & kitchen cab's are older. Stoves & refrigerators are tenant owned & do not convey.. Seller will NOT consider seller financing.
Closed
$350,000
1106 Mount Olivet Rd, Kannapolis, NC 28083
6beds
2,169sqft
Duplex
Built in 1994
-- sqft lot
$382,700 Zestimate®
$161/sqft
$1,507 Estimated rent
Home value
$382,700
$364,000 - $406,000
$1,507/mo
Zestimate® history
Owner options
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$1,507/mo
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$2,138/mo
Est. payment
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$2,138/mo
Est. payment
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Ceramic tile floorsLaundry rooms
Zillow last checked:
Listing updated:
Listed by:
Christine Stewart christine.stewart@allentate.com,
Howard Hanna Allen Tate Concord
Bought with:
Matthew Novak
Redfin Corporation
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4092395
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
- Laundry: In Unit, Utility Room, Inside, Laundry Room
Features
- Flooring: Tile
- Has basement: No
Interior area
- Total structure area: 2,169
- Total interior livable area: 2,169 sqft
- Finished area above ground: 2,169
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Driveway
- Uncovered spaces: 4
- Details: Each unit has it's own concrete driveway
Features
- Stories: 1
- Waterfront features: None
Lot
- Size: 0.51 Acres
- Features: Level
Details
- Parcel number: 56222459430000
- Zoning: RV
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: Carolina Air Park
Location
- Region: Kannapolis
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $151,240
- Annual tax amount: $3,287
- Date on market: 12/6/2023
- Cumulative days on market: 77 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: Concrete, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2024 | Sold | $350,000$161/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4092395 Report a problem | ||
| 2/22/2024 | Pending sale | $350,000$161/sqft |
Source: Canopy MLS as distributed by MLS GRID #4092395 Report a problem | ||
| 2/9/2024 | Price change | $350,000-6.9%$161/sqft |
Source: Canopy MLS as distributed by MLS GRID #4092395 Report a problem | ||
| 12/6/2023 | Listed for sale | $375,900+200.7%$173/sqft |
Source: Canopy MLS as distributed by MLS GRID #4092395 Report a problem | ||
| 1/4/2001 | Sold | $125,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,287 +58.6% | $289,470 +91.4% |
| 2023 | $2,072 | $151,240 |
| 2022 | $2,072 | $151,240 |
| 2021 | $2,072 +10.9% | $151,240 +10.9% |
| 2019 | $1,868 +3% | $136,340 |
| 2018 | $1,813 | $136,340 |
| 2017 | $1,813 | $136,340 -2% |
| 2016 | -- | $139,180 |
| 2015 | -- | $139,180 |
| 2014 | $1,754 | $139,180 |
| 2013 | -- | $139,180 |
| 2012 | -- | $139,180 -11.4% |
| 2011 | -- | $157,080 |
| 2010 | -- | $157,080 |
| 2009 | -- | $157,080 +1.8% |
| 2008 | -- | $154,290 +20.4% |
| 2007 | -- | $128,140 |
| 2006 | -- | $128,140 |
| 2005 | -- | $128,140 |
| 2004 | -- | $128,140 +15.2% |
| 2003 | -- | $111,190 |
| 2002 | -- | $111,190 |
| 2001 | -- | $111,190 |
| 2000 | -- | $111,190 |
Find assessor info on the county website
Neighborhood: 28083
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Nearby schools
GreatSchools rating
- 7/10Royal Oaks ElementaryGrades: K-8Distance: 0.9 mi
- 6/10Concord HighGrades: 9-12Distance: 2 mi
- 2/10Concord MiddleGrades: 6-8Distance: 3.7 mi
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Estimated market value
$382,700
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$382,700
- North Carolina
- Cabarrus County
- Kannapolis
- 28083
- 1106 Mount Olivet Rd
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