1102 Lane Street
$475,000
Kannapolis, NC, 28083
singlefamily
5
2
Lot Size: 0.26 Acres
Listing Provided Courtesy of Mike Hege at COMPASS | 704 491-9445
ABOUT

Property Information

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!
SPECIFICS

Property Details

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Price:
$475,000
MLS #:
CAR4194735
Status:
Active
Beds:
5
Baths:
2
Address:
1102 Lane Street
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Jackson Park
City:
Kannapolis
Listed Date:
Nov 7, 2024
State:
NC
Finished Sq Ft:
2,748
ZIP:
28083
Lot Size:
11,326 sqft / 0.26 acres (approx)
Year Built:
1939
AMENITIES

Interior

Appliances
Dishwasher, Disposal
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Heating
Central
Laundry Features
Laundry Room
AMENITIES

Exterior

Construction Materials
Brick Partial, Vinyl
Parking Features
Driveway
NEIGHBORHOOD

Schools

Elementary School:
Unspecified
Middle School:
Unspecified
High School:
Unspecified
FINANCIAL

Financial

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1102 Lane Street
Kannapolis, NC