Great duplex rental portfolio in the rapidly appreciating market of downtown Kannapolis. All units 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 50% of the rents are guaranteed! 3 of the units have new kitchens with granite counters, 2/3 of the duplexes have new roofs in 2024. These units are in high demand and are re-rented in under 30 days with long term tenants. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!
| MLS # | 4426175 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 46 |
| Listing Provided By | Realty One Group Revolution | Logan Abrams |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 4,800 |
| Units | 6 |
| Acreage | 1.00 |
| Cooling | Ceiling Fan(s), Central Air, Varies by Unit, Window Unit(s) |
|---|---|
| Heating | Baseboard, Central, Electric |
| Appliances | Dryer, Electric Oven, Electric Range, Electric Water Heater |
| Construction Materials | Hardboard Siding |
|---|---|
| Foundation Details | Crawl Space |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Space(s) |
| List Aor | Canopy Realtor Association |
|---|
| State | NC |
|---|---|
| County | Cabarrus |
| City | Kannapolis |
| Zip Code | 28083 |
| Area | Cabarrus |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28083) | |
Price: $750,000 low | high Med: $294,450 sqft: 4,800 low | high Med: 1,260 $ / sqft: $156 low | high Med: $234 On site: 46 low | high Med: 151.5 | |
| State | NC |
|---|---|
| County | Cabarrus |
| City | Kannapolis |
| Zip Code | 28083 |
| Area | Cabarrus |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28083) | |
Price: $750,000 low | high Med: $294,450 sqft: 4,800 low | high Med: 1,260 $ / sqft: $156 low | high Med: $234 On site: 46 low | high Med: 151.5 | |