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Basin Ave Rental Homes 1 Multifamily Properties Offered at $1,888,879 CAD in Kannapolis, NC
Executive Summary
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!
Property Facts
| Price | $1,888,879 CAD | Number of Properties | 5 |
| Price / SF | $1,628 CAD / SF | Individually For Sale | 1 |
| Cap Rate | 8.55% | Total Building Size | 1,160 SF |
| Sale Type | Investment | Total Land Area | 0.17 AC |
| Status | Active |
| Price | $1,888,879 CAD |
| Price / SF | $1,628 CAD / SF |
| Cap Rate | 8.55% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 1 |
| Total Building Size | 1,160 SF |
| Total Land Area | 0.17 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 208 Basin Ave, Kannapolis, NC 28083 | Multifamily | 1,160 SF | 1940 | $1,888,879 CAD |
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Basin Ave Rental Homes
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