For Sale

Listed by Logan Abrams

Source: Carolina Multiple Listing Services, Inc. #4370322

208/210 Basin Avenue, Kannapolis, NC, 28083

$1,375,000

10
8
5450 sq. ft.
1.5 ac.

Other

30+ days on the market

What's around 208/210 Basin Avenue

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!

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