$475,000
For Sale

1102 Lane Street

Kannapolis, NC 28083
5 beds | 2 baths | #4194735
Browse 39 photos
Type:Purchase
Structure:House
Zone:Residential

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!

  • Interior Details
      • CoolingCentral Air
      • Cooling FeaturesCentral Air
    • Beds & Baths
      • Bedrooms5
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Stories2
    • Parking
      • Parking FeaturesDriveway
      • Parking TypeDriveway
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1939
    • Material information
      • FoundationCrawl Space
  • Utilities / Energy Details
      • AppliancesDishwasher, Disposal
      • Sewer InformationPublic Sewer
      • Utility SourceCity
  • Community and Neighborhood Details
      • SubdivisionJackson Park
    • Location
      • Elementary SchoolUnspecified
      • Middle SchoolUnspecified
      • High SchoolUnspecified
      • CountyCabarrus
  • Financial Details
      • Original List Price$475,000
      • Days on Market (Cumulative)7
  • Other
      • MLS #4194735

Location

Hudson Advantage RealtyReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

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.

Estimated Monthly Payment
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Loan Amount
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