Concord · Concord, NC
262 Elm Avenue NW
Concord, NC · 1,360 sqft
$169,000
Reduced from $200,000
- 3Beds
- 1Baths
- 1,360SqFt
- 1916Year
- 69Days on market
About this home
Investor opportunity in the heart of Concord! This 3-bedroom, 1-bath home offers immediate income potential with a tenant currently in place on a month-to-month lease, providing flexibility for the next owner. Whether you’re looking to expand your rental portfolio, secure your first investment property, or purchase with future plans in mind, this property presents a solid opportunity. With month-to-month tenancy, investors have the option to continue renting for steady cash flow or explore value-add improvements to maximize returns. Please note: the AC is currently not working, offering an additional opportunity for upgrades and increased value.
Property details
- Beds
- 3
- Baths
- 1
- SqFt
- 1,360
- Lot
- —
- Year built
- 1916
- Type
- Single Family
- Days on market
- 69
- Heating
- Central
- Cooling
- Central Air
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,225/ month
- Principal & interest
- $1,046
- Property tax (~0.92%)
- $129
- Homeowners insurance
- $49
- HOA dues
- —
Down payment
$8,450 down · $160,550 financed
Income to qualify (28% rule)
~$52,522 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.