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$475,000

Beds
5
Baths
2.0
sq ft
2,748

1102 Lane Street, Kannapolis, NC 28083

1102 Lane Street

Kannapolis, NC 28083

  • 11 days on market
Prime investment opportunity in Kannapolis! Could be an office or residential based on the zoning! This 5-bedroom, 2-bathroom property is a proven cash-flowing Airbnb with an impressive 8%+ cap rate. Spaciously laid out over 2,700 square feet, the home is perfect for accommodating large groups, offering consistent income potential. Located just minutes from the thriving Kannapolis downtown area, guests can easily access local attractions, entertainment, dining, and shopping, enhancing the property's appeal and occupancy rates. Recent upgrades and a stream of 5-star reviews have allowed for higher nightly rates, further boosting revenue. With average monthly incomes between $3,600 and $4,100, this property’s financial performance speaks for itself. Whether you’re an investor looking to expand your portfolio or seeking a turnkey vacation rental, this property delivers on both value and location. Don’t miss out—schedule a showing today to experience this exceptional opportunity firsthand!

Details

Property type

Single Family Residence

Lot size

Unknown

Price per sq ft

$173

Year built

1939

Price History

11/11/2024
CanopyMLS

CanopyMLS #4194735

Listed
$475,000
+196.88%
03/30/2021
CanopyMLS

CanopyMLS #3709742

Sold
$160,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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Status: Active

Tomo last checked: 11/22/2024 at 1:25 PM

Listing updated: 11/12/2024 at 5:05 AM

Listed by: Mike Hege, COMPASS Phone #: (704) 234-7880

MLS: CanopyMLS #4194735

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