1102 Lane Street
1102 Lane Street
Kannapolis, NC 28083
$449,900
- Bedrooms: 5
- Bathrooms: 2
- Lot Size: 0.26 Acres
Description
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!
Property Summary
| Property Type: | Residential | Property Subtype : | Single Family Residence |
| Year Built : | 1939 | Construction Type : | Site Built |
| Lot Size : | 0.26 Acres | Living Area : | 2,748 sqft |
Appliances
- Dishwasher
- Disposal
More Information
- Construction : Brick Partial, Vinyl
- Parking : Driveway
- Heating : Central
- Cooling : Central Air
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
Based on information submitted to the MLS GRID as of 02-22-2025 07:22:03 UTC 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.