1102 Lane ST, Kannapolis, NC 28083 – 4194735 - Dana Sellers

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Dana Sellers

sellers.dana@gmail.com +1(704) 517-7684

$475,000

Est. payment - /mo

5 Beds

2 Baths

2,748 SqFt

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UPDATED:

11/12/2024 10:03 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,748 sqft

Price per Sqft $172

Subdivision Jackson Park

MLS Listing ID 4194735

Bedrooms 5

Full Baths 2

Abv Grd Liv Area 2,748

Year Built 1939

Lot Size 0.260 Acres

Acres 0.26

Property Description

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!

Location

State NC

County Cabarrus

Zoning OI

Rooms

Main Level Bedrooms 3

Main Level Primary Bedroom

Main Level Kitchen

Main Level Living Room

Interior

Heating Central

Cooling Central Air

Fireplace false

Appliance Dishwasher, Disposal

Exterior

Garage false

Building

Dwelling Type Site Built

Foundation Crawl Space

Sewer Public Sewer

Water City

Level or Stories Two

Structure Type Brick Partial,Vinyl

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by Mike Hege • COMPASS • mike.hege@compass.com

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Dana Sellers

+1(704) 517-7684

Realtor®/Broker | License ID: 230087

Realtor®/Broker License ID: 230087

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