100% Occupied | 10-Unit Apartment Complex | Charlotte MSA

56 Tribune Ave SW Concord, NC 28025

56 Tribune Ave SW, Concord, NC, 28025
56 Tribune Ave SW, Concord, NC, 28025 56 Tribune Ave SW, Concord, NC, 28025 56 Tribune Ave SW, Concord, NC, 28025 56 Tribune Ave SW, Concord, NC, 28025 56 Tribune Ave SW, Concord, NC, 28025 56 Tribune Ave SW, Concord, NC, 28025
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,425,000
Last Verified:
Oct 06, 2025

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Highlights

  • 10 Class B 2 bedroom, 1 bathroom apartments located within walking distance of vibrant downtown Concord
  • Current in place rents below market
  • Vacancy rate of Concord/Kannapolis market: 2.1%
  • Population growth: 1.8% annually
  • Average household income for Cabarrus County $ 112,653 increasing 6% year over year
  • Limited supply of like kind of apartments
  • Bull Realty NC license number C17910

Description

This proposed acquisition of 10 two bedrooms, one bathroom Class B apartments in this high growth, high demand, near-zero vacancy market of the Charlotte suburb of Concord is positioned to deliver immediate cash flow and appreciation due to market dynamics that strongly favor landlords: near-zero vacancies, rising household incomes, limited new supply, and accelerating population growth.

Charlotte, NS MSA


Year Built: 1999
Building Size: 7808sq ft
Lot Size: 0.6 acres


Documents

Offering Memorandum

Map of 56 Tribune Ave SW, Concord, NC, 28025

Presented by:
Bull Realty

Request additional information
Anna Yuan


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.