BEDS10
BATHS8 full
SQUARE FEET5,450
MLS#4370322
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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!
Property Features
Property Type: Multi Unit - Multiple
Heating: Baseboard, Central, Other - See Remarks
Lot Size: 1.50 Acres
Year Built: 1940
Feature Descriptions
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
Days on Site: 3
Exterior: Hardboard Siding, Vinyl, Wood
Foundation: Crawl Space
Laundry: In Kitchen
Parcel#: 5613-99-3721-0000
Parking: Driveway
Pets Allowed: Yes
Sewer: Public Sewer
Units: 8
Water: City
Local Schools
High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified
Listed By / Shown By
Listed By
Agency Name: Realty One Group Revolution
Agency Contact: logan@charlottesagent.com
Shown By
Agent Name: Suzanne Strength
Agent Phone: Cell: (980) 241-1511
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's Insurance
208/210 Basin Avenue | MLS# 4370322
This multi-family property located at 208/210 Basin Avenue, Kannapolis, NC 28083 is currently listed for sale with an asking price of call for price. Search Kannapolis real estate on suzannes.lakenormanrealty.com today.