1245 Carolyn Avenue, Kannapolis NC
- 27 Bed
- 0.3 ac
For Sale $1,799,999
Remarks:
Investor Opportunity! Don’t miss this rare opportunity to acquire a fully leased, cash-flowing 7-home rental portfolio in the high-demand Kannapolis market. Ideally located near downtown, major highways, hospitals, shopping, and dining, these properties are positioned in Cabarrus and Rowan Counties, offering exceptional long-term growth potential. Each home is tenant-occupied, providing immediate income with minimal hassle. The portfolio is priced attractively— below market value, with an average under $260K per home, offering built-in equity from day one. Situated in a rapidly growing area with strong rental demand and low vacancy rates, this turnkey package is ideal for investors looking to scale quickly or diversify their holdings with a performing asset. Only serious inquiries will be considered. Inspections will be scheduled after an accepted offer.
General Information:
| List Price: | $1,799,999 |
| Status: | For Sale |
| Bedrooms: | 27 |
| Type: | Portfolio |
| Parking: | Driveway |
| MLS Number: | CAR4176085 |
| Subdivision: | None |
| Year Built: | 2008 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 06-05-2025 | Listed | $1,799,999 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Royal Oaks Elementary | 3 miles | KG-05 | 1 |
| Landis Elementary School | 3 miles | PK-05 | 1 |
| Bostian Elementary School | 3 miles | KG-05 | 6 |
| China Grove Elementary School | 4 miles | PK-05 | 2 |
| Enochville Elementary School | 4 miles | KG-05 | 4 |
| Charles E Boger Elementary | 5 miles | KG-05 | 8 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1245 Carolyn Avenue, Kannapolis NC | 0 mi | $1,799,999 | days | |
| 1200 Grace Avenue, Kannapolis NC | 0.1 mi | $259,950 | days | |
| 1315 Elizabeth Avenue, Kannapolis NC | 0.2 mi | $425,000 | days | |
| 1307 Washington Lane, Kannapolis NC | 0.3 mi | $218,000 | days | |
| 922 Grace Avenue, Kannapolis NC | 0.3 mi | $259,900 | days | |
| 1102 13th Street, Kannapolis NC | 0.3 mi | $299,999 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28083
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Savvy + Co Real Estate
1245 Carolyn Avenue, Kannapolis NC is a ft2 on a 0.260 acres Appraisal lot. This is for $1,799,999. This has 27 bedrooms, baths, and was built in 2008.
Based on information submitted to the MLS GRID as of 2025-06-05 10:20:28 EST. 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.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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