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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

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