Well-maintained investment opportunity just minutes from Downtown Concord! Built in 1965, this charming home offers immediate cash flow with a reliable long-term tenant currently on a 3-month lease paying $1,050/month, with potential for future rental upside as rent is currently below market value.
The property has been thoughtfully maintained over the years, including a roof replaced in 2020, gutters replaced in 2022, and crawlspace sill replacement within the last 10 years. Interior flooring and carpet are both in great condition, making this a truly turnkey opportunity. Tenant handles much of the routine property maintenance, contributing to the home’s excellent condition and strong rental history.
Features include a covered carport, all appliances conveying with the sale, and a convenient location near Downtown Concord, Gibson Mill, shopping, restaurants, entertainment, and easy access to major highways.
Excellent opportunity for investors looking to add a solid income-producing property in a growing area!
Active
Price cut: $14.6K (7/9)
$160,447
112 Academy Ave NW, Concord, NC 28025
2beds
932sqft
Single Family Residence
Built in 1965
0.16 Acres Lot
$159,400 Zestimate®
$172/sqft
$-- HOA
What's special
Covered carport
- 57 days |
- 716 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Christina Wright christina@branchwealthpartners.com,
Branch Wealth Partners, LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4384073
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Ceiling Fan(s)
- Level: Main
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Dining area
- Level: Main
Kitchen
- Features: Breakfast Bar, Ceiling Fan(s)
- Level: Main
Living room
- Level: Main
Heating
- Heat Pump
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Dryer, Electric Oven, Electric Range, Exhaust Fan, Exhaust Hood, Oven, Refrigerator, Washer, Washer/Dryer
- Laundry: Electric Dryer Hookup, In Kitchen, Main Level, Washer Hookup
Features
- Flooring: Carpet, Laminate
- Has basement: No
Interior area
- Total structure area: 932
- Total interior livable area: 932 sqft
- Finished area above ground: 932
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached Carport, Driveway
- Carport spaces: 1
- Uncovered spaces: 1
Features
- Levels: One
- Stories: 1
- Fencing: Partial
Lot
- Size: 0.16 Acres
- Features: Corner Lot
Details
- Additional structures: Shed(s)
- Parcel number: 56206924100000
- Zoning: RC
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,Cottage,Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Aluminum
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Concord
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $128,810
- Annual tax amount: $1,283
- Date on market: 5/22/2026
- Cumulative days on market: 57 days
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Paved
Estimated market value
$159,400
$151,000 - $167,000
$1,161/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Price change | $160,447-8.3%$172/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4384073 Report a problem | ||
| 6/23/2026 | Price change | $174,997-5.4%$188/sqft |
Source: Canopy MLS as distributed by MLS GRID #4384073 Report a problem | ||
| 6/10/2026 | Price change | $184,997-7%$198/sqft |
Source: Canopy MLS as distributed by MLS GRID #4384073 Report a problem | ||
| 5/22/2026 | Listed for sale | $199,000+1226.7%$214/sqft |
Source: Canopy MLS as distributed by MLS GRID #4384073 Report a problem | ||
| 8/23/2019 | Sold | $15,000$16/sqft |
Source: Public Record Report a problem | ||
| 8/15/2017 | Listing removed | $625$1/sqft |
Source: American Property Managers LLC Report a problem | ||
| 8/10/2017 | Price change | $625+5%$1/sqft |
Source: American Property Managers LLC Report a problem | ||
| 8/8/2017 | Listed for rent | $595$1/sqft |
Source: American Property Managers LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,283 | $128,810 |
| 2024 | $1,283 +95.5% | $128,810 +139.5% |
| 2023 | $656 +2.1% | $53,790 +2.1% |
| 2022 | $643 | $52,670 |
| 2021 | $643 +17.5% | $52,670 +17.5% |
| 2019 | $547 +3.4% | $44,830 |
| 2018 | $529 | $44,830 |
| 2017 | $529 | $44,830 -1% |
| 2016 | -- | $45,290 |
| 2015 | -- | $45,290 |
| 2014 | $534 | $45,290 |
| 2013 | -- | $45,290 |
| 2012 | -- | $45,290 -13% |
| 2011 | -- | $52,030 |
| 2010 | -- | $52,030 |
| 2009 | -- | $52,030 +1.2% |
| 2008 | -- | $51,430 +14.5% |
| 2007 | -- | $44,920 |
| 2006 | -- | $44,920 |
| 2005 | -- | $44,920 |
| 2004 | -- | $44,920 +11.6% |
| 2003 | -- | $40,260 |
| 2002 | -- | $40,260 |
| 2001 | -- | $40,260 |
| 2000 | -- | $40,260 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Gibson Village
Nearby schools
GreatSchools rating
- 7/10Coltrane-Webb ElementaryGrades: K-5Distance: 1.8 mi
- 2/10Concord MiddleGrades: 6-8Distance: 2.2 mi
- 6/10Concord HighGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Coltrane-webb
- Middle: Concord
- High: Concord
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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