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1102 Lane St Kannapolis NC 28083 MLS 4194735

$475,000

Photo one of 1102 Lane St Kannapolis NC 28083 | MLS 4194735
1102 Lane St
Kannapolis, NC 28083 MLS# 4194735

  • Bedrooms

    5

  • Baths

    2

  • Sq. Feet

    2748

  • Year Built

    1939

  • Days On Market

    16

  • $/SqFt

    $173

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Home Description: 1102 Lane St

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!

  • Fireplace: No
  • Laundry Location: Laundry Room
  • Appliances: Dishwasher,Disposal
  • Full Baths: 2
  • 1/2 Baths: 0
  • HVAC: Central
  • Water: City
  • Sewer: Public Sewer
  • Type: Single Family Residence
  • Construction Materials: Brick Partial,Vinyl
  • Lot Size Acres: 0.2600
  • Parking: Driveway
  • Driveway: Gravel,Paved

Available now at $475,000

Room Locations

KitchenMain
Living RoomMain
Primary BedroomMain
  • Property Type: Single Family
  • New Construction: No
  • Foundation: Crawl Space
  • List Status: Active
  • : mike.hege@compass.com

Neighborhood

The average asking price of a 5 bedroom Kannapolis home in this zip code is $464,400 (2.2% less than this home).

This home is priced at $173/sqft, which is 5.5% less than similar homes in the 28083 zip code.

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1102 Lane St Kannapolis NC 28083

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School Information

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

Financial

  • Approx Payment:$2,311*

Area Stats

These statistics are updated daily from the Canopy MLS. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (803) 984-2047 and speak with one of our real estate consultants.

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Listing Courtesy of COMPASS.

1102 Lane St, Kannapolis NC is a single family home of 2748 sqft and is currently priced at $475,000 . This single family home has 5 bedrooms. A comparable home for sale at 1200 Grace Ave in Kannapolis is listed at $380,000. This home on 1102 Lane St has not had a price change. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures in Kannapolis, NC. Salem Creek, Mallard Pointe and Shallotte Terrace are nearby neighborhoods. MLS 4194735 has been posted on this site since 11/11/2024 (today).

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 11/22/2024 9:30:37 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.

Some IDX listings have been excluded from this website.

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