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- Description
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Street View
$1,250,000
Monthly Est:$6,222
10 Beds
8 Baths8 full baths
6,750sqft
220 Basin Ave, Kannapolis, NC 28083
$1,250,000
$6,222/moEst:
Get Pre-Approved
Duplex
Built in 1940
$-- HOA
1.5 acres lot
$185/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. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!
- Houzeo last checked: 1 hour ago
- Listing updated: September 15, 2026 at 10:04 pm
- Listing Provided by: Logan Abrams (704) 239-8763 | Realty One Group Revolution (704) 659-4409
- Source: Canopy MLS | MLS#: 4370322
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1940
HOA Fees
-
Finished Area
6,750 sqft
Lot Size
1.5 acres lot
Basement Area
- sqft
MLS Name
Canopy MLS
MLS Number
4370322
MLS Status
Active
Days on Market
170
Cumulative Days on Market
153
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 8
Interior
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
Sewer
Public Sewer
Heating
Baseboard, Central, Other See Remarks
Cooling
Ceiling Fan(s), Central Air, Electric, Varies By Unit
Construction
Year Built
Year Built: 1940
Home type
Duplex
Foundation Details
Crawl Space
Construction Materials
Hardboard Siding, Vinyl, Wood
Utilities & Energy
Parking Features
Driveway
Laundry Features
In Kitchen
Water Source
City
Other Features
Tenant Pays
All Utilities
Price History
| Date | Event | Price |
|---|---|---|
09/14/2026 Source: | Price Decreased | $1,250,000 -3.47% $185/sqft |
08/28/2026 Source: | Price Decreased | $1,295,000 -0.31% $192/sqft |
06/30/2026 Source: | Price Decreased | $1,299,000 -5.53% $192/sqft |
05/17/2026 Source: | Price Increased | $1,375,000 +10.00% $204/sqft |
04/15/2026 Source: | Listed for Sale | $1,250,000 -10.71% $185/sqft |
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Based on information submitted to the MLS GRID from Canopy MLS through Oct 02, 2026, 09:00AM. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties which the consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. ©2026 Canopy MLS. All Rights Reserved.
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