Pending

17 Union Street N, Unit 17,19,21Concord, NC 28025Price: $650,000

  • Price: $650,000
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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $650,000List Price
  • 4Bathrooms
  • 1915Year Built
A great opportunity for investors, this building is located in downtown Concord and has two retail stores on the main floor and a large office on the second floor. All three spaces are fully leased around 7% CAP rate. It has been very well maintained by the current owner and has spent a lot of money renovating it including a new 2022 HVAC for the office on the second floor, new plumbing has been replaced in the basement, and the tenants have made several space improvements in their spaces. Tenants pay all utilities with liability insurance and the owner pays property tax and property insurance. The parking space behind the building belongs to the property and must be used for service parking only. There is a free public parking building behind this property, in addition of free street parking in front of it. Really it is considered a very rare opportunity for investors who are looking for secure and stable income with a great cap rate.
Listed by Layth Duroobi of NorthGroup Real Estate,Inc.

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Property Details of 17 Union Street N, Unit 17,19,21

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