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Sold for $170,000
Sold for $170,000
2016 Concord Lake Rd Kannapolis, NC 28083
$170,000
CLOSEDBeds
3
Baths
Sqft
2,687
Acres
0.39
Year
1955
Close Date
Feb 24, 2020
Property Type
Residential Income
Sub Type
Triplex
Per Square Foot
$63
Date Listed
Nov 12, 2019
Description of 2016 Concord Lake Rd, Kannapolis, NC 28083
Listing details for 2016 Concord Lake Rd, Kannapolis, NC 28083 : Investment property with instant cash flow. This triplex as many opportunities now and for the future. This property is located on a main road, with growth in area would be a great investment by itself. This triplex has a great rental history. As of right now all units are currently under lease contract. Two of the tenants have been residents long term. Please do not disturb tenants, showings granted with accepted offer. Rental income is $1950 a month, with a Gross Cap Rate of 12.6%.
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Listing Updated : 04-15-2026 at 1:37 PM EDT
Property Details
Property Overview
Listing Price
$185,000
MLS #ID
CAR3568515
Close Price
$170,000
Close Date
Feb 24, 2020
Bedrooms
3
Bathrooms
Square Footage
2,687
Acres
0.39
Year
1955
Days on Site
189 Days
Property Type
Residential Income
Property Sub Type
Triplex
Price per Sq Ft
$63
Date Listed
Nov 12, 2019
Location
Street Address
2016 Concord Lake Rd
City
State
North Carolina
ZIP Code
County
Driving Directions
Located on Concord Lake Rd across the street form Kannapolis Charter School and 1 mile form Wall-Mart.
Schools
Home Specification
Bedrooms
3
Bathrooms
3 Full
Total Square Feet
2,687
Construction / Architecture
Year Built
1955
Style
Ranch
Construction Materials
Vinyl
Foundation
Crawl Space
Roof
Fiberglass
New Construction
No
Price per Sq Ft
$63
Lot Features
Paved
Lot Size (Acres)
0.39
Interior Details
Appliances
Electric Cooktop, Gas Water Heater and Refrigerator
Flooring
Cork
Fireplace
No
Heating
Wall Furnace
Cooling
Window Unit(s)
Exterior Details
Garage
Yes
Garage Spaces
1
Parking Features
Garage
Patio & Porch Features
Rear Porch
Fencing
None
Water Source
City
Sewer
Public Sewer
Taxes, HOA & Financing
HOA Fee Includes
None
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Listing Provided By
United Real Estate-Queen City
Properties displayed may be listed or sold by various participants in the MLS
Source
Canopy MLS as distributed by MLS GRID, MLS#: CAR3568515
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $333K – $555K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $333K – $555K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
Property History
DateEventPrice
2/24/2020
Sold
$170,000 -8.1%
$63/sqft
Source:
Canopy MLS #CAR3568515
Canopy MLS #CAR3568515 11/12/2019
Listed for sale
$185,000 +15.6%
$69/sqft
Source:Canopy MLS #CAR3568515
Canopy MLS #CAR3568515 12/28/2017
Sold
$160,000 -20%
$60/sqft
Source:Canopy MLS #CAR3245110
Canopy MLS #CAR3245110 1/24/2017
Listed for sale
$199,900
$74/sqft
Source:Canopy MLS #CAR3245110
Canopy MLS #CAR3245110Location of 2016 Concord Lake Rd, Kannapolis, NC 28083
Streetview of 2016 Concord Lake Rd, Kannapolis, NC 28083
Mortgage Calculator
Schools Near 2016 Concord Lake Rd, Kannapolis, NC 28083
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $333K – $555K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
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