220 Basin Avenue
Kannapolis, NC 28083
Est. $7,466/mo — See my rate
$238/Sq Ft
10 bd · 8 ba · 5,450 sqft · $238/sqft
About This Home
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 history
-
Jun 30, 2026Price reduced $1,299,000 ActiveWas $1,375,000
-
May 17, 2026Price reduced $1,375,000 ActiveWas $1,399,900
-
Apr 15, 2026Listed for sale $1,299,000 Active103 days on market
-
Oct 23, 2023Sold $870,000 ClosedListed $877,440 · Sep 22, 2023 31 days on market
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Sep 22, 2023Previously listed $877,440 Closed
Property Details
Interior Details
- Heating
- Baseboard
- Central
- Other - See Remarks
- Roomother
- Primary Bedroom
- Bedroom(s)
- Bathroom(s)
- Kitchen
- Living Room
- Half Bathrooms
- 0
- Laundry Features
- In Kitchen
- Mainlevelgarageyn
- 0
Square Footage And Levels
- Above Grade Finished Area
- 3250
- Below Grade Finished Area
- 2200
Parking And Garage
- Parking Features
- Driveway
Exterior Features
- Construction Materials
- Hardboard Siding
- Vinyl
- Wood
Lot And Land
- Lot Size Acres
- 1.5
- Lot Size Units
- Acres
Basement And Foundation
- Foundation Details
- Crawl Space
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- Kannapolis/ Cab
Zoning And Restrictions
- Zoningspecification
- Res
Multi Unit Details
- Total Number Of Units
- 8
Listed by Logan Abrams (704-239-8763) · Realty One Group Revolution (704-659-4409)
Location
- Address
- 220 Basin Avenue
- City
- Kannapolis, NC 28083
Schools
- Elementary
- Unspecified
- Middle
- Unspecified
- High
- Unspecified
School assignments may change. Contact the school district to confirm.
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