NOT LISTED FOR SALE

233 Academy Ave NW Concord, NC 28025

Concord Area
6 Beds
3.5 Baths
2,377 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: November 22, 2022

Last sale price $360,000 $151 Per Sq Ft

105 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Living Room
  • Coltrane-Webb Elementary School Rated A-
  • Covered Patio or Porch
  • 4-minute walk to Academy Recreation Center

About This Home

As of November 2022

This is an amazing opportunity to own a 3-plex in the heart of Concord, currently renting for a total of $2650 per month. Just 1.1 miles from downtown Concord, close to shops and restaurants, this 3-plex will be extremely easy to rent for years to come! Currently fully occupied, you will acquire instant cashflow potential! With all units recently renovated in last couple of years & wrap around porch this gem is truly one of a kind. The character of this 1920 building makes it easy to attract renters. Each unit has its own kitchen & full bathroom. The units share a large parking area, with plenty of room for all of the units. There are a ton of unique and attractive features about this beautiful property. Don’t miss out on this great passive income and book your showing today!
More information coming soon! PLEASE DO NOT DISTURB TENANTS without approved showing time. PLEASE do not walk around the back of the home or walk on property WITHOUT AN APPROVED TIME!

Last Agent to Sell the Property

Josh Finigan

EXP Realty LLC Ballantyne License #286467 Listed on: 08/08/2022

EXP Realty LLC Ballantyne

Last Buyer's Agent

Sharlana Martinez

RAWLS License #311331

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 8,712

Home Design

  • Triplex
  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2,377 Sq Ft Home
  • Living Room
  • Crawl Space
  • Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • Driveway
  • On-Street Parking
  • 1 to 5 Parking Spaces

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Coltrane-Webb Elementary School
  • Concord Middle School
  • Concord High School

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 5620-58-2197-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Traditional
  • Year Built: 1920
  • Ratio Current Price By Acre: 1800000.00
  • Road Surface Type: Dirt, Gravel
  • Structure Type: Triplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fixture Exception Yn: 0
  • Porch: Back,Covered,Deck,Front,Patio
  • Room Other: Bathroom(s),Bedroom(s),Kitchen,Laundry,Living Room
  • Appliances: Oven
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Living Area: 2377
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 885
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 838
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • New Construction: No
  • Tax Location: Concord
  • Construction Type: Site Built
  • Property Features: W/D Connection
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway, On Street, Parking Space - 4+

Utilities

  • Heating: Central, Forced Air, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Laundry Room
  • Water Source: Public

Schools

  • Middle Or Junior School: Concord
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5620-58-2197-0000
  • Zoning Description: RC
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: See Remarks
  • Tenant Pays: Electricity, Gas, Water
  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 2.72408

Multi Family

  • Number Of Units Total: 3
  • Unit Count: 3

MLS Schools

  • Elementary School: Coltrane-webb
  • High School: Concord

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Nov 21, 2022
Sold by
Bought by
Seller's Agent
Josh Finigan
EXP Realty LLC Ballantyne
Buyer's Agent
Sharlana Martinez
RAWLS
List Price
$375,000
Sold Price
$360,000
Premium/Discount to List
-$15,000
-4%
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,670
Interest Rate
0.0537%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
0.029%

Purchase Details

Closed on
May 1, 2019
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
0.1175%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2005
Sold by
Bought by

Purchase Details

Closed on
Dec 13, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,250
Interest Rate
0.1125%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1995
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$360,000 --
$290,000 None Listed On Document
$133,000 None Available
-- None Available
$25,000 --
$85,000 --
$56,000 --
$7,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $329,670
Previous Owner $52,000
Previous Owner $52,000
Previous Owner $217,500
Previous Owner $115,500
Previous Owner $112,000
Previous Owner $114,400
Previous Owner $98,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/22/2022 11/22/22 Sold $360,000 -1.4% $151 / Sq Ft
09/12/2022 09/12/22 Price Changed $365,000 -2.7% $154 / Sq Ft
08/08/2022 08/08/22 For Sale $375,000 -- $158 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,290 $430,720 $53,000 $377,720
2024 $4,290 $430,720 $53,000 $377,720
2023 $1,635 $133,990 $17,000 $116,990
2022 $1,635 $133,990 $17,000 $116,990
2021 $1,635 $133,990 $17,000 $116,990
2020 $1,635 $133,990 $17,000 $116,990
2019 $790 $64,750 $13,000 $51,750
2018 $777 $64,750 $13,000 $51,750
2017 $764 $64,750 $13,000 $51,750
2016 $453 $69,420 $13,000 $56,420
2015 $819 $69,420 $13,000 $56,420
2014 $819 $69,420 $13,000 $56,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 3889747

Canopy MLS

APN: 5620 58 2197

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