1102 Ln Street

Kannapolis, NC 28083

$475,000
Price
5
Beds
2
Baths
2,748 Sq. Ft.
$173 / Sq. Ft.
2,748
Sq. Ft.
$173
per Sq. Ft.

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...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!

Listing Agent

  1. Mike Hege

    Mike Hege

    Listing Agent

    Compass

    mike.hege@compass.com

    P: (704)-491-9445

Property Details for 1102 Ln Street

Parking Features
Driveway
Subdivision Name
Jackson Park
LISTING UPDATED: 11/12/2024 05:03 AM

Property Details for 1102 Ln Street

StatusActive
MLS #4194735
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1939
Lot Size0.26 AC / 11,325 SF
CountyCabarrus County

Building Information for 1102 Ln Street

Stories-Year Built1939Building Size-Lot Size0.26 AC / 11,325 SF

Property Information for 1102 Ln Street

Summary
Location and General Information
  • Longitude: -80.569328
  • Latitude: 35.49932
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $143,910.00
  • Parcel Number: 5624-21-1365-0000
  • City Taxes Paid To: Kannapolis/Cab
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 2748.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Lower: 0
  • Sq Ft Main: 1932
  • Sq Ft Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 816
  • Sq Ft Second Living Quarters HLA: 0.0
  • Sq Ft Total Property HLA: 2748.0
  • Lot Size Units: Acres
  • Property Type: Residential
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 39
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Partial, Vinyl
  • Road Surface Type: Gravel, Paved
Interior Features
  • Appliances: Dishwasher, Disposal
  • Levels: Two
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Fireplace YN: No
  • Foundation Details: Crawl Space
  • Basement YN: No
  • Bedroom Main: 3
  • Bedroom Upper: 2
  • Full Bath Main: 1
  • Full Bath Upper: 1
  • Half Bath Main: 0
  • Half Bath Upper: 0
Room Information
Room Information
  • Room Count: 3.0
Room 1
  • Room Types: Kitchen
  • Room Level: Main
Room 2
  • Room Types: Living Room
  • Room Level: Main
Room 3
  • Room Types: Primary Bedroom
  • Room Level: Main

Property History for 1102 Ln Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1102 Ln Street

Taxable ValueLand$58,500Additions$770Total$59,270
Home Facts
Beds0Lot Size11,250 SqFtStyleSingle Family ResidenceZoningO-ICountyCABARRUSAPN5624 21 2334

Schools near 1102 Ln Street

This home is within Kannapolis City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Jackson Park Elementary
PublicK to 5

Kannapolis Middle
Public6 to 8

A. L. Brown High School
Public9 to 12

Gw Carver Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1102 Ln Street is a single family home for sale in Kannapolis, NC 28083. This property was listed for sale on November 7, 2024 by Compass, it's currently listed at $475,000. It has been on the market for a total of 14 days and was last sold on March 30, 2021. This listing's school district is Kannapolis City School District. Nearby schools include Jackson Park Elementary, Kannapolis Middle and A. L. Brown High School. 1102 Ln Street is a 5-bed, 2-bath, 2,748 sqft single family home built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.