170 Emery Avenue NW (129 UNIT APARTMENTS), Concord, NC 28104

170 Emery Avenue NW (129 UNIT APARTMENTS) $14,999,999

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    170 Emery Avenue NW (129 UNIT APARTMENTS) Concord, NC 28104

    • 220 Beds
    • 0 Baths
    • 124,000 sq.ft.
    • Multi-Family
    MLS# 3468916 | Active

    $14,999,999

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    Days On Market: 188 49 Views
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    Property Details

    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.

    • General Features
      • Year Built 2019
      • Tenant Pays None
      • Property Sub Type Apartments
      • New Construction 1
      • County Or Parish Cabarrus
    • Building Features
      • Construction Status Under Construction
      • Sq Ft Total 124,000
      • Sq Ft Basement 0
      • Number Of Units Total 129
      • Laundry Location Other
      • Heating Central Air
      • Exterior Construction Vinyl
      • Equipment CO Detector,Convection Oven,Dishwasher,Disposal,Dryer
      • Unit Number (129 UNIT APARTMENTS)
      • Water City Water
      • Water Heater Gas
    • Property Features
      • Lot Size Area 8.2
      • Sewer City Sewer
      • Parking Lot

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    Neighborhood

    28104 (Concord) Demographics

    41Median Age
    1,024Population Density (per sq. mile)
    57%College Educated
    $94,768 Estimated Median Income
    9,482Estimated Total Home Owners
    937Estimated Total Renters
    91% / 9%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    29,944Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $435,000 Median Sales Price
    82 Homes Sold
    83 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $14,999,999
        5/11/2019 8:15:15 PM Price Increased Source New Value: $14,999,999 0.67%
        2/15/2019 5:57:00 AM New in Database Source New Value: $14,900,000

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