$1,299,000
Est. Payment: $6,677/mo
Adjust down payment, rate & terms
220 Basin Ave, Kannapolis, NC 28083
Kannapolis, NC 28083
10
bedrooms
0
baths
5,450
sq.ft.
$238
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
Pick up a great portfolio consisting of 8 units, 5 homes (3 duplex, 2 SFR) in the rapidly appreciating market of downtown Kannapolis, all on the same block! The nhood features several new construction homes and rising rents. This portfolio represents over an 8% CAP rate which is hard to find, especially when so much of the work has already been done and over 60% of the rents are guaranteed! 3 of the units have new kitchens with granite counters, 4/5 of the homes have new roofs in 2024. These units are in high demand and are re-rented in under 30 days with long term tenants who are backed & guaranteed by a community health program providing very stable rental income. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!
About the Neighborhood
Looking for the perfect Residential Income in Kannapolis? The 28083 zip code offers a unique blend of local amenities, convenient transit, and community charm, making it a fantastic area to call home. Reach out to learn more about the local real estate market in this specific neighborhood.
Property Features
Property Description
- Beds Total: 10
- Half Baths: 0
- Year Built: 1940
- Living Area: 5,450 sqft
- New Construction: No
- MLS #: 4370322
Association
- HOA Required: No
Interior Features
- Heating: Baseboard, Central, Other - See Remarks
- Cooling: Ceiling Fan(s), Central Air, Electric, Varies by Unit
- In Kitchen
Appliances
- Dishwasher
- Electric Cooktop
- Electric Oven
- Electric Water Heater
Construction Materials
- Hardboard Siding
- Vinyl
- Wood
- Foundation: Crawl Space
Cooling
- Ceiling Fan(s)
- Central Air
- Electric
- Varies by Unit
Foundation Details
- Crawl Space
Heating
- Baseboard
- Central
- Other - See Remarks
Laundry Features
- In Kitchen
Parking Features
- Driveway
Pets Allowed
- Yes
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Gravel, Paved
Sewer
- Public Sewer
WaterSource
- City
Location
LISTING COURTESY OF: REALTY ONE GROUP REVOLUTION
logan@charlottesagent.com
$1,299,000
Est. Payment: $6,677/mo
Adjust down payment, rate & terms
Kannapolis, NC 28083
10
bedrooms
0
baths
5,450
sq.ft.
$238
price per sf
Presented By
Carnarri Cofield
REALTOR®
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Realty One Group Revolution
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
$1,299,000
220 Basin Avenue
10 bed, 0 bath