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210 Basin Ave, Kannapolis, NC 28083

  • $1,399,900

    •

  • 10

    bed

  • 8

    bath

  • 5,450

    Sqft ($257/Sqft)

Multi-family for sale 29 days
Movoto is helping 46 homebuyers near you

About 210 Basin Ave

Property type Multi-family
Year built 1940
HOA fee $0/month
Lot size 1.5 Acre
Movoto estimate
Property description
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!
Listed by
Listing Agent - Logan Abrams
Listing Agent Contact: Logan@charlottesagent.com
Listing Office - Realty One Group Revolution
Source: Canopy MLS mls logo
MLS#4370322 • last updated 2 weeks ago
Movoto checked Canopy MLS for data 19 minutes ago
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Overview
Cooling/AC Ceiling Fan(s), Central Air, Electric, Varies By Unit
Heating Baseboard, Central, Other - See Remarks
SubType Portfolio
MLS # 4370322
Status Active
SqFt 5450
Interior
# Full Baths 8
Total # of Bedrooms 10
Laundry In Kitchen
Exterior
Foundation Crawl Space
Construction Site Built, Hardboard Siding, Vinyl, Wood
Parking Driveway
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source City
Location
County Cabarrus
Middle School Unspecified
Elementary School Unspecified
High School Unspecified
APN 5613-99-3721-0000
Multifamily Details
Tenant Pays All Utilities
Total # of Units 8
Lot/ Land Details
Road Responsibility Publicly Maintained Road
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5/10
North Kannapolis Elementary School
public Grades PK, K-5
Kannapolis City School District
1/10
Kannapolis Middle
public Grades 6-8
Kannapolis City School District
2/10
A. L. Brown High School
public Grades 9-12
Kannapolis City School District
Source: GreatSchools.org © 2026. All rights reserved.

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