For Sale
$1,695,000
315 Hamilton Dr Concord, NC 28025
Recently Renovated, High-Yield Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 8-unit apartment building in Concord, NC, offering a strong NOI of $125,640 and a 7.41% cap rate.
- Recently renovated (2024) Class B property with 7,508 square feet on a 0.65-acre lot.
- Asking price: $1,695,000 ($225.76/SF, $211,875/unit).
- 15 parking spaces; sub-metered water & sewer (tenant responsibility); landlord pays trash & landscaping.
- Seven of eight units currently leased; one vacant unit available.
Property Details for 315 Hamilton Dr
- Property type
- Apartment buildings
- Square Feet
- 7,508 SF
- Class
- B
- Year Built/Renovated
- 1973/2024
- Buildings
- 1
- Lot Size (sq. ft)
- 28,314 SF
- Units
- 8
Location Insight
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Latitude
- 35.4228712
- Longitude
- -80.5846396
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Recently Renovated, High-Yield Investment
- Where is the apartment building located?
- The property is located at 315 Hamilton Dr Concord, NC.
- What is the asking price?
- The asking price for this property is $1,695,000.
- What are key features of this property?
- This property features: 8-unit apartment building in Concord, NC, offering a strong NOI of $125,640 and a 7.41% cap rate.; Recently renovated (2024) Class B property with 7,508 square feet on a 0.65-acre lot.; Asking price: $1,695,000 ($225.76/SF, $211,875/unit).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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