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Latoya Dillard

realtorlatoyad@gmail.com +1(803) 524-6886

$1,399,900

Est. payment - /mo

10 Beds

8 Baths

5,450 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Portfolio

Listing Status Active

Purchase Type For Sale

Square Footage 5,450 sqft

Price per Sqft $256

MLS Listing ID 4370322

Bedrooms 10

Full Baths 8

Abv Grd Liv Area 3,250

Year Built 1940

Lot Size 1.500 Acres

Acres 1.5

Property Sub-Type Portfolio

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!

Location

State NC

County Cabarrus

Zoning Res

Interior

Heating Baseboard, Central, Other - See Remarks

Cooling Ceiling Fan(s), Central Air, Electric, Varies by Unit

Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater

Laundry In Kitchen

Exterior

Street Surface Gravel,Paved

Garage false

Building

Dwelling Type Site Built

Foundation Crawl Space

Sewer Public Sewer

Water City

Structure Type Hardboard Siding,Vinyl,Wood

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Pets Allowed Yes

Senior Community false

Special Listing Condition None

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Listed by Logan Abrams • Realty One Group Revolution • logan@charlottesagent.com

NEARBY SCHOOL & BUSINESS

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Latoya Dillard

+1(803) 524-6886

BROKER/REALTOR® | License ID: NC 290622; SC 114025

BROKER/REALTOR® License ID: NC 290622; SC 114025

208/210 Basin AVE Kannapolis, NC 28083

Latoya Dillard

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION