100% Occupied | 10-Unit Apartment Complex | Charlotte MSA
$1,425,000
56 Tribune Ave SW, Concord, NC 28025
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 10/06/2025
7,808 sqft
Building Size
0.6 acres
Lot Area
Details:
Building Size: 7,808 sqft
Lot Area: 0.6 acres
Occupancy: 100%
Units: 10
Year Built: 1999
Highlights:
- 10 Class B 2 bedroom, 1 bathroom apartments located within walking distance of vibrant downtown Concord
- Current in place rents below market
- Vacancy rate of Concord/Kannapolis market: 2.1%
- Population growth: 1.8% annually
- Average household income for Cabarrus County $ 112,653 increasing 6% year over year
- Limited supply of like kind of apartments
- Bull Realty NC license number C17910
Description:
This proposed acquisition of 10 two bedrooms, one bathroom Class B apartments in this high growth, high demand, near-zero vacancy market of the Charlotte suburb of Concord is positioned to deliver immediate cash flow and appreciation due to market dynamics that strongly favor landlords: near-zero vacancies, rising household incomes, limited new supply, and accelerating population growth.
Charlotte, NS MSA
Documents:
| Title | ||
|---|---|---|
| Charlotte_Multifamily_Portfolio_Offering_Memorandum_-_56_Tribune_Avenue_v3.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
