220 Basin Avenue, Kannapolis, NC 28083

Kannapolis
Local realty services provided by:ERA Sunburst Realty
Listed by: logan abrams
Office: realty one group revolution
MLS#:4370322
Source:CH
220 Basin Avenue,Kannapolis, NC 28083
$1,250,000
  • 10 Beds
  • 8 Baths
  • 6,750 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$185.19

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!

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Home facts

  • Year built:1940
  • Listing ID #:4370322
  • Updated:October 09, 2026 at 01:25 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8
  • Full bathrooms:8
  • Kitchen Description:Dishwasher, Electric Cooktop, Electric Oven
  • Living area:6,750 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Baseboard
  • Central air:Yes

Structure and exterior

  • Year built:1940
  • Building area:6,750 sq. ft.
  • Lot area:1.5 Acres
  • Construction Materials:Hardboard, Vinyl, Wood
  • Foundation Description:Crawl Space

Schools

  • High school:Unspecified
  • Elementary school:Unspecified

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$185.19

Features and amenities

  • Laundry features:In Kitchen

Parking

  • Parking description:Driveway
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