Multifamily investment opportunity only minutes Charlotte , with positive cash flow. Two buildings containing 14 units, with 6-two bedrooms / 8-one bedroom apartments. Low turnover/ short commute to freeway. Ample parking spaces for tenants. Buildings also include storage units which may be rented for additional income. - $610,000... CAP rate over 10% !!! - Simple layout makes for simple management - Room to raise rents - Several long-term tenants -Convenient to downtown and I-85 - Some units have been partially renovated DO NOT DISTURB TENANTS. SHOWINGS ARE BY APPOINTMENT AND UPON RECEIPT OF OFFER TO PURCHASE,PROOF OF FUNDS/PRE-APPROVAL WITH A MINIMUM OF 20% DOWN.You'll be prompted to sign a CA. Located minutes from Historic Downtown Concord and Charlotte, and a short commute to Concord Mills shopping plaza. Downtown concord has two live theaters, a museum, two art galleries, a library, a gourmet French chocolate shop, a pottery studio, an up-and coming university, a botanical garden, a pedestrian greenway system, and much more, including specialty shops. The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
