220 Basin Avenue, Kannapolis NC
- 10 Bed
- 1.5 ac
For Sale $1,375,000
Remarks:
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!
General Information:
| List Price: | $1,375,000 |
| Status: | For Sale |
| Bedrooms: | 10 |
| Type: | Portfolio |
| Parking: | Driveway |
| MLS Number: | CAR4370322 |
| Year Built: | 1940 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-30-2026 | Price Decrease | $1,375,000-1.78% | N/A |
| 05-17-2026 | Listed | $1,399,900 | 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 | 2 miles | KG-05 | 1 |
| Charles E Boger Elementary | 4 miles | KG-05 | 8 |
| Enochville Elementary School | 4 miles | KG-05 | 4 |
| Landis Elementary School | 4 miles | PK-05 | 1 |
| Bostian Elementary School | 5 miles | KG-05 | 6 |
| Beverly Hills Elementary | 5 miles | KG-05 | 6 |
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 |
| 220 Basin Avenue, Kannapolis NC | 0 mi | $1,375,000 | days | |
| 535 Martin Luther King Jr Avenue, Kannapolis NC | 0.1 mi | $325,000 | days | |
| 541 Martin Luther King Jr Boulevard, Kannapolis NC | 0.1 mi | $295,000 | days | |
| 311 Silverleaf Circle, Kannapolis NC | 0.2 mi | $250,000 | days | |
| 518 Milton L Taylor Street, Kannapolis NC | 0.3 mi | $310,000 | days | |
| 123 James Street, Kannapolis NC | 0.4 mi | $210,000 | 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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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28083
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Occupancy Types |
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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 Realty One Group Revolution
220 Basin Avenue, Kannapolis NC is a ft2 on a 1.500 acres Appraisal lot. This is for $1,375,000. This has 10 bedrooms, baths, and was built in 1940.
Based on information submitted to the MLS GRID as of 2026-05-17 10:35:14 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.
