x
New Construction
Address
170 Emery Avenue # -(129 UNIT APARTMENTS) Concord, NC
Price
$ 14,999,999
Property Attributes
  • MLS#3468916
  • TypeMulti-Family
  • CountyCABARRUS
  • CityConcord
  • AreaCabarrus County
  • Zip28104
  • Style
  • Price$ 14,999,999
  • Bedrooms220
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage124000
  • Lot Size8.2 Acres
Listing Provided Courtesy Of:
Ram Realty LLC
Property Description

Projected CAP rate = 7.5% to 8%. ..................Per research (US census, Universities) North Carolina is one of the 6 states in US to continue experience significant growth in population over next three decades. Charlotte MSA ( metro region) is expected to continue to be largest metro region in Carolina's for next several decades with Concord area (which is part of Charlotte MSA) is expected to grow at 34% or more in next decade! This 129 Unit, 4 block apartments for $15 million is a killer deal for any investors. Swimming pool, park, club house. Proforma, projected CAP rate, concept video and any other information is available on request. -----------------------> What SELLER is looking for ? : SALE of property at construction phase with CLOSING with in 30 days of occupancy certificate.

Elementary School Middle School High School
Unspecified Elementary School Unspecified Middle School Northwest Cabarrus High School
Price History
1/28/2019 Listed $14,900,000

General Features

Construction Status Under Construction
Elementary School Unspecified
High School Northwest Cabarrus
Middle/Junior School Unspecified
Number Of Projected Units Total 129
Pets Allowed Y/N Conditional
Property Sub Type Apartments
Property Type Multi-Family
Status Active
Unit Number (129 UNIT APARTMENTS)

Interior Features

Beds Total 220
Equipment CO Detector, Convection Oven, Dishwasher, Disposal, Dryer
Heating Central Air
Laundry Location Other
Water Heater Gas

Exterior Features

Exterior Construction Vinyl
Foundation Concrete
Lot Size Area 8.200
Parking Lot
Sewer City Sewer
Water City Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28104

Price
AVG $10.28M
$15M
Visits
AVG 197
325
Year Built
AVG 2019
2019

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