Concord · Concord, NC
112 Academy Avenue NW
Concord, NC · 932 sqft
$199,000
- 2Beds
- 1Baths
- 932SqFt
- 1965Year
- 12Days on market
About this home
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!
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 932
- Lot
- —
- Year built
- 1965
- Type
- Single Family
- Days on market
- 12
- Style
- Bungalow, Cottage, Ranch, Traditional
- Heating
- Heat Pump
- Cooling
- Window Unit(s)
- Foundation
- Crawl Space
- Flooring
- Carpet, Laminate
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,443/ month
- Principal & interest
- $1,232
- Property tax (~0.92%)
- $152
- Homeowners insurance
- $58
- HOA dues
- —
Down payment
$9,950 down · $189,050 financed
Income to qualify (28% rule)
~$61,845 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.