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161 Cannon Avenue NW, Concord, NC 28025

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For Sale

$375,000

6 beds • 2 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 4326767

Courtesy Of Branch Wealth Partners, LLC

(704) 782-7272

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Microwave, Oven, Refrigerator
  • Heating System
    Baseboard
  • Lot Size
    0.17 Acres

Map and Directions

Directions to 161 Cannon Avenue NW, Concord, NC 28025

Home seller CENTURY 21 Russ Hollins Realtors

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Russ Hollins Realtors

(704) 983-2114
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.