$1,299,000
About this home
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!
Property details
- MLS #
- CAR4370322
- Property type
- Portfolio
- Subdivision
- N/A
- Status
- Active
- Days on market
- 76
- On market date
- N/A
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 263
- Student:teacher ratio
- 10.5:1
- District
- Kannapolis City Schools
- Enrollment
- 1,309
- Student:teacher ratio
- 16.2:1
- District
- Kannapolis City Schools
- Enrollment
- 1,670
- Student:teacher ratio
- 18.2:1
- District
- Kannapolis City Schools
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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated June 30, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.