1102 Lane Street
Kannapolis, NC 28083
5 beds | 2 baths | #4194735
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!
Property Details
- Property SubtypeSingle Family Residence
- AppliancesDishwasher, Disposal
- Parcel Number5624-21-1365-0000
- Sewer InformationPublic Sewer
- SubdivisionJackson Park
- CoolingCentral Air
- Cooling FeaturesCentral Air
- FoundationCrawl Space
- Elementary SchoolUnspecified
- Middle SchoolUnspecified
- High SchoolUnspecified
- Parking FeaturesDriveway
- Parking TypeDriveway
- Property TypePurchase
- CountyCabarrus
- Original List Price$475,000
- MLS #4194735
- MLS #4194735
- Cost475000
- Year Built1939
- Utility SourceCity
- Days on Market (Cumulative)41
- Bedrooms5
- Bathrooms2
- Full Baths2
- Stories2
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2024-11-12 10:03:13. 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.
Last Updated: . Source: CANOPY
Listing Courtesy
Listing Agent: Mike Hege (#CARS54402)
Listing Office: COMPASS (#CARR00287)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
