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Street View
$1,299,000
10 Beds
8 Baths8 full baths
5,450sqft
208/210 Basin Ave, Kannapolis, NC 28083
$1,299,000
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Multi Family
Built in 1940
$-- HOA
1.5 acres lot
$238/sq.ft
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. ...
Continue Reading- Houzeo last checked: 50 minutes ago
- Listing updated: June 30, 2026 at 2:19 pm
- Listing Provided by: Logan Abrams (704) 239-8763 | Realty One Group Revolution (704) 659-4409
- Source: Canopy MLS | MLS#: 4370322
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1940
HOA Fees
-
Finished Area
5,450 sqft
Lot Size
1.5 acres lot
Basement Area
- sqft
MLS Name
Canopy MLS
MLS Number
4370322
MLS Status
Active
Days on Market
116
Cumulative Days on Market
76
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