Print Listing Details for 1102 Lane St

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1102 Lane St Kannapolis, North Carolina 28083 MLS# 4194735

$475,000
5 Bedrooms, 2 Baths, 2748 Sq. Ft., 0 Garage Spots

Property Remarks

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!

Room Locations

Kitchen	Main
Living Room	Main
Primary Bedroom	Main

Bathrooms

2 Full Baths

*Approximate Payments: $2,311
Days on Market: 8

Address: 1102 Lane St
City: Kannapolis
Zip Code: 28083
County: Cabarrus
Subdivision: Jackson Park

Elementary School: Unspecified
Junior High: Unspecified
High School: Unspecified

Fireplace: No
Laundry Location: Laundry Room
Appliances: Dishwasher,Disposal

HVAC: Central
Water: City
Sewer: Public Sewer

Construction Materials: Brick Partial,Vinyl

Lot Size: Acres

Parking: Driveway
Driveway: Gravel,Paved

Property Type: Single Family
New Construction: No
Foundation: Crawl Space

List Status: Active
: mike.hege@compass.com

Listing Courtesy of COMPASS
This listing was Active when printed on 11/14/2024

Listings courtesy of Canopy MLS as distributed by MLS GRID.

The data relating to real estate for sale on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. Based on information submitted to the MLS GRID as of 11/14/2024 4:55:56 PM. 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.

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