496 Gibson Drive
496 Gibson Drive
Concord, NC 28025
$290,000
- Bedrooms: 4
- Bathrooms:
- Lot Size: 0.19 Acres
Description
This property brings in around $29,000 annually… a CASH FLOWING PROPERTY! Check out this amazing DUPLEX right in the heart of Concord—multi-unit properties like this are incredibly rare. Ideally located on the corner of Brookwood and Gibson near Downtown Concord, Gibson Mill, Concord Mills, hospitals, major highways and more! With low-maintenance features and reliable tenants, it’s ready to start earning for you immediately. Please respect the tenants’ privacy—no showings until a contract is negotiated and signed. All tenants are currently on a month-to-month lease. Both units have newer cabinets, and the Gibson unit features updated flooring. Most electrical and plumbing systems have been recently upgraded. The seller covers water, which has consistently been under $150 per month. Landscaping is only $30/month, and there are no other maintenance expenses. On 226 Brookwood side refrigerator only conveys. On Gibson side both stove and refrigerator convey. Rental income breakdown: • 1-bedroom units: $900/month • 3-bedroom unit: $1,550/month
Property Summary
| Property Type: | Residential Income | Property Subtype : | Duplex |
| Year Built : | 1900 | Construction Type : | Site Built |
| Lot Size : | 0.19 Acres | Living Area : | 1,845 sqft |
Property Features
- Corner Lot
Appliances
- Electric Range
- Oven
- Refrigerator
More Information
- Construction : Vinyl
- Roof : Architectural Shingle
- Parking : Driveway
- 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 12-04-2025 11:01:05 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.