517 Denver Street, Kannapolis, NC 28083

$750,000
6
BD
4,800
SqFt

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Listing courtesy of Realty One Group Revolution. logan@charlottesagent.com

List Price
$750,000
Status
ACTIVE
MLS#
4426175
Bedrooms
6
Full-baths
6
Living Area
4,800
Lot Size
43,560
Year Built
1940
Acres
1

Property Description

Great duplex rental portfolio in the rapidly appreciating market of downtown Kannapolis. All units 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 50% of the rents are guaranteed! 3 of the units have new kitchens with granite counters, 2/3 of the duplexes have new roofs in 2024. These units are in high demand and are re-rented in under 30 days with long term tenants. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!

Additional Information

Style
Bungalow
Foundation
Crawl Space
Exterior Finish
Hardboard Siding
Parking
Parking Space(s)
Special Conditions
Subject to Lease, None
Water
City
Construction
Site Built
Heating
Baseboard, Central, Electric

Mortgage Calculator

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Calculator source: Real Geeks

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