1422 Nottingham Road
Kannapolis, NC 28081
Est. $20,837/mo — See my rate
$166/Sq Ft
21,816 sqft · $166/sqft
About This Home
The Townhomes at Cannon Mills located at 1422 Nottingham Dr., Kannapolis, NC, is a renovated 24-unit townhome community on ±2.22 acres, comprised of two-story 2BR/1.5BA units with back porches in a quiet residential neighborhood. The property offers durable in-place cash flow with a clear path to additional revenue through continued rent optimization toward prevailing submarket levels, including the opportunity to further modernize remaining interiors with upgraded finishes to support premium rent positioning.
A recent ±$500,000 capital improvement program materially reduces near-term CapEx and supports long-term performance, including an exterior overhaul (painted brick, metal awnings, shutters, upgraded lighting, gutters), new concrete patios and railings, new windows, upgraded electrical panels, utility optimization, a new asphalt parking lot with wheel bumpers, and targeted HVAC replacements. These improvements enhance curb appeal, operating efficiency, and durability.
Kannapolis has emerged as a growth market anchored by the 350-acre North Carolina Research Campus, along with expanding healthcare and advanced manufacturing. The asset is located approximately 2.5 miles from Downtown Kannapolis, less than 5 miles from Atrium Health Cabarrus, and offers convenient access to I-85. It is approximately 25 miles to Uptown Charlotte, providing strong regional demand drivers with a favorable cost-of-living profile.
For investors, Townhomes at Cannon Mills combines suburban stability with Charlotte-metro connectivity. It is an upgraded, well-located, income-producing asset positioned for continued performance in a market benefiting from sustained population and income growth. Do not disturb residents.
Property Details
Interior Details
- Heating
- Electric
- Flooring
- Vinyl
- Inclusions
- Building
- Land
- Sqftmaximumlease
- 0.00
- Sqftminimumlease
- 0.00
- Sqftavailablemaximum
- 218816
- Sqftavailableminimum
- 21816
Square Footage And Levels
- Below Grade Finished Area
- 0
Parking And Garage
- Parking Features
- Parking Space(s)
- Total Parking Spaces
- 48
Exterior Features
- Construction Materials
- Brick Full
- Patio And Porch Features
- Awning(s)
- Front Porch
- Rear Porch
Lot And Land
- Lot Features
- Cul-De-Sac
- Lot Size Acres
- 2.22
- Lot Size Units
- Acres
Basement And Foundation
- Basement
- Other
- Foundation Details
- Crawl Space
Waterfront And View
- Waterfront Features
- None
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- Kannapolis/ Cab
Zoning And Restrictions
- Zoningspecification
- R4
Multi Unit Details
- Number Of Buildings
- 4
- Total Number Of Units
- 24
Listed by Jeff Shugarts Jr (832-515-1289) · Andrew Reed Properties, LLC (704-576-4322)
Location
- Address
- 1422 Nottingham Road
- City
- Kannapolis, NC 28081
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