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2563 - 2627 Clover Rd 8 Unit Apartment Building $1,300,000 ($162,500/Unit) Concord, NC 28027
Investment Highlights
- Total Rent Roll: $7,150 per month ($85,800 annualized)
- Unit Mix: (1) 4-Bed/3-Bath w/ Efficiency Apt (2,176 SF) | (1) 3-Bed/2-Bath (1,150 SF) | (2) 2-Bed/2-Bath (1,083 SF each)
- Owner Responsibilities: Taxes, Insurance & Major CapEx (appliances, HVAC, roof, structure)
- Total Taxes: ± $10,787 annually
- Tenant-Paid HOA: $50 per month per unit (covers landscaping)
Executive Summary
The Cloverdale Village Portfolio offers four stabilized single-family rental homes in Concord, NC - one of the fastest-growing cities in the U.S. - priced at $1.3 million across 1.34 acres. Generating $7,150 in monthly rent ($85,800 annualized), the portfolio provides immediate, reliable cash flow with strong appreciation potential fueled by rapid population growth, limited housing supply, and continued regional investment.
Concord’s explosive expansion - driven by Charlotte spillover, the new Red Bull/Ball/Rauch beverage campus, and the emerging Riverwalk District - has pushed rents and home values steadily upward while sewer capacity limits continue to restrict new construction. This combination of stable income, constrained supply, and long-term market growth positions Cloverdale Village as a turnkey, cash-flowing investment with upside in one of the Carolinas’ most competitive submarkets
Concord’s explosive expansion - driven by Charlotte spillover, the new Red Bull/Ball/Rauch beverage campus, and the emerging Riverwalk District - has pushed rents and home values steadily upward while sewer capacity limits continue to restrict new construction. This combination of stable income, constrained supply, and long-term market growth positions Cloverdale Village as a turnkey, cash-flowing investment with upside in one of the Carolinas’ most competitive submarkets
Property Facts
| Price | $1,300,000 | Apartment Style | Garden |
| Price Per Unit | $162,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.34 AC |
| No. Units | 8 | Building Size | 5,492 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2003 |
| Zoning | MF - Multi-Family | ||
| Price | $1,300,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.34 AC |
| Building Size | 5,492 SF |
| No. Stories | 2 |
| Year Built | 2003 |
| Zoning | MF - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Ice Maker
- Tub/Shower
- Walk-In Closets
- Family Room
- Freezer
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,625,260 | |
| Land Assessment | $371,570 | Total Assessment | $1,996,830 |
Property Taxes
Parcel Numbers
Land Assessment
$371,570
Improvements Assessment
$1,625,260
Total Assessment
$1,996,830
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2563 - 2627 Clover Rd
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