1416 Salisbury AVE Active Save Request In-Person Tour Request Virtual Tour
Albemarle,NC 28001
Key Details
Property Type Single Family Home
Sub Type Portfolio
Listing Status Active
Purchase Type For Sale
Square Footage 6,144 sqft
Price per Sqft $227
MLS Listing ID 4315800
Construction Status Completed
Abv Grd Liv Area 6,144
Year Built 2025
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Portfolio
Property Description
Rare chance to acquire a portfolio of three duplexes (six total units) located in the growing city of Albemarle, North Carolina. All units are currently renting at $1,350 per door, providing reliable, predictable income from day one. 3 total buildings / 6 total units — sold as a package. Albemarle is a fast-developing regional hub within commuting range of Charlotte, yet still offers residents the small-town comfort investors love: expanding job market, affordable cost of living, quality schools, and proximity to lakes, parks, and outdoor recreation (Morrow Mountain, Badin Lake, Uwharrie National Forest). The city has been steadily attracting both residents and small business investment — the exact formula that supports long-term rent growth. This is the ideal play for investors seeking cash flow in a growth corridor without the volatility and pricing wars of the major metros. Duplexes are among the most resilient asset classes in residential real estate — easy to lease, easy to manage, and hard to overbuild.
Location
State NC
County Stanly
Zoning R-8
Interior
Interior Features Storage
Heating Electric,Heat Pump
Cooling Electric
Flooring Carpet,Vinyl
Fireplace false
Appliance Dishwasher,Electric Oven,Electric Range,Microwave,Refrigerator with Ice Maker
Laundry In Kitchen
Exterior
Roof Type Architectural Shingle
Street Surface Concrete,Paved
Garage false
Building
Dwelling Type Site Built
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Vinyl
New Construction true
Construction Status Completed
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Senior Community false
Special Listing Condition None