49 Corban Avenue

Concord, NC 28025

About this property

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.

About this property

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.

Features and Additional Information

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$1,900,000 Active Under Contract
9,216 sqft

Presented By Coldwell Banker Sea Coast Advantage

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Get in touch today! Phone: 1-910-202-2830
Brokerage
Britt Commercial Real Estate, LLC
1-615-971-1553
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Area Information

Cabarrus | Cabarrus County |

$ 1,900,000
This listing is play_arrow 476.3% higher than the average in the area
$ 329,700 in the area
9,216 SqFt
This listing is play_arrow 540.7% larger than the average in the area
1,439 SqFt in the area
$ 206 $/SqFt
This listing is play_arrow 10.1% less than the average in the area
$ 229 $/SqFt in the area
124 days on site
This listing is play_arrow 367.9% above the average in the area
27 days on site in the area

Schools in the Area

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    Elementary School
    Unspecified
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    Middle School
    Unspecified
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    High School
    Unspecified
Listed By Zach Britt
Brokerage: Britt Commercial Real Estate, LLC

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