208 Basin Ave 8 Lot Offre d’immeuble d’habitation à 1 204 802 € à un taux de capitalisation de 8,55 % Kannapolis, NC 28083

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!
Additional addresses - 200 Basin, 210 Basin, 132 & 134 Basin, 220 Basin, 517 & 519 Denver