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For Sale

1102 Lane Street

1102 Lane Street, Kannapolis, NC 28083

$475,000
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!

5
beds

2
baths

2,748 Sq.Ft. LIVING AREA

0.26 Acres lot

Features & Amenities

Interior

  • total bedrooms5
  • Total bathrooms2
  • full bathrooms2
  • Laundry room Laundry Room
  • APPLIANCES Dishwasher, Disposal

Area & Lot

  • Status For Sale
  • Living Area2,748 Sq.Ft.
  • Lot Area0.26 Acres
  • MLS® ID4194735
  • TypeResidential
  • YEAR BUILT1939
  • Elementary SchoolUnspecified
  • Middle SchoolUnspecified
  • High SchoolUnspecified

Exterior

  • STORIES2
  • water SourceCity
  • parkingDriveway
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureCrawl Space

Financial

  • Sales Price$475,000

Work With Scott

Scott understands that 90% of all home buyers start their home search online and so he fully utilizes web marketing opportunities, leveraging internet resources to the advantage of his buyer and seller clients.