$475,000
- Beds
- 5
- Baths
- 2.0
- sq ft
- 2,748
1102 Lane Street, Kannapolis, NC 28083
1102 Lane Street
Kannapolis, NC 28083
- 2 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 #4194735
Listed
$475,000
+196.88%
03/30/2021
CanopyMLS #3709742
Sold
$160,000
Schools & Community
Elementary school:
Unspecified
Middle school:
Unspecified
High school:
Unspecified
Status: Active
Tomo last checked: 11/13/2024 at 11:35 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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