$1.25M
10 Beds · 8 Baths · 6,750 Sqft
Active
Active153 Days on Market$185/sqft▼ 10.7% from originalListed Apr 15, 2026MLS# CAR4370322
220 Basin Avenue, Kannapolis, NC 28083
$1.25M · 10 bd · 8 ba · 6750 sqft
About This Property
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!
Location
220 Basin Avenue, Kannapolis, NC 28083
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Property Details
Overview
Property TypeDuplex
Year Built1940
Lot Size1.5 Acres
Interior
Bedrooms10
Bathrooms (Full)8
Sqft6,750
HeatingBaseboard, Central, Other - See Remarks
Cooling / A/CCeiling Fan(s), Central Air, Electric, Varies by Unit
Exterior
ExteriorHardboard Siding, Vinyl, Wood
FoundationCrawl Space
Financial
List Price$1.25M
Original Price$1.4M
Location
Address220 Basin Avenue, Kannapolis, NC 28083
CityKannapolis
CountyCabarrus
StateNC
Zip28083
Listed by Realty One Group Revolution · logan@charlottesagent.com MLS# CAR4370322
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 09/19/2026, 01:33:12 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Information deemed reliable but not guaranteed. Buyer to verify all information.
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