161 Cannon Avenue

161 Cannon Avenue

Concord, NC 28025
$375,000

  • Bedrooms: 6
  • Bathrooms:
  • Lot Size: 0.17 Acres
Description

Check out this amazing DUPLEX located on the corner of Cook and Cannon in the heart of Concord. Multi-unit properties like this are incredibly rare. Ideally located near Downtown Concord, Gibson Mill, Concord Mills, hospitals, Charlotte, major highways and more! Completely renovated and permitted in 2024, this duplex is bringing in close to $40,000 annually... what a true CASH COW! Rents are $1,680/month for 161 Cannon and $1,670/month for 506 Cook St. Both tenants are current and happy. This property was taken down to the studs and fully upgraded, even expanding the original layout. Each unit is a spacious 3-bedroom, 1-bath, with separate water and electric meters and individual washer/dryer hookups. 2024 updates include: electrical system, plumbing, windows, attic insulation, siding, wall insulation & sheetrock, flooring, cabinets, vanities, light fixtures, and a new architectural roof. All appliances to convey except washer and dryer are tenants. Please respect the tenants’ privacy—no showings until a contract is negotiated and signed. All tenants are currently on a month-to-month lease.

Property Summary
Property Type: Residential Income Property Subtype : Duplex
Year Built : 1935 Construction Type : Site Built
Lot Size : 0.17 Acres Living Area : 1,683 sqft
Property Features
  • Corner Lot
Appliances
  • Dishwasher
  • Electric Range
  • Microwave
  • Oven
  • Refrigerator
More Information
  • Construction : Vinyl
  • Roof : Architectural Shingle
  • Parking : Driveway, On Street
  • Heating : Baseboard
  • Cooling : Window Unit(s)
  • Water Source : City
  • Road : Publicly Maintained Road
  • Listing Terms : Cash, Conventional, FHA, VA Loan

Based on information submitted to the MLS GRID as of 12-02-2025 22:05:05 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listed By
Branch Wealth Partners, LLC
Christina Wright
631-416-0729
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