496 Gibson Dr NW

Concord NC 28025

1845 sq. ft.

0.19 ac.

Duplex

Currently for sale - view listing

Overview

INVESTOR SPECIAL!! Dangerously close to the 1% rule!! 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 $50/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 unit: $900/month (increasing to $950 on 5/1/26) • 3-bedroom unit: $1,550/month (increasing to $1670 on 5/1/26)