About The Property

Fantastic investment opportunity priced well below market value! This fully leased, recently renovated ranch in Kannapolis is a true turnkey rental, ideal for investors seeking immediate cash flow. The home features recent updates including new appliances and offers a functional, single-level layout that appeals to long-term tenants. Currently occupied by a great tenant, this property provides stable, reliable income from day one. Strong financials make this an attractive addition to any portfolio: Monthly rent: $1,650 Annual income: $19,800 Estimated annual expenses: $3,000 (taxes + insurance) Net Operating Income: $16,800 annually Conveniently located near shopping, dining, and everyday essentials, the property combines investor-friendly numbers with a location tenants love. A solid, low-maintenanceRead MoreRead Less
Courtesy of Keller Williams Connected. Mike Morrell, [email protected]
Listing Snapshot
Days Online
11
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,679
Lot Size
0.2 Acres
Year Built
1930
MLS Number
4365245
Koren Bowman
REALTOR
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Additional Details

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Appliances & Equipment
Description: "Microwave", "Oven", "Refrigerator"
Building
Finished Area Above Grade: 1679, Area: 1679, Building Area: 1679, Construction Materials: "Aluminum", "Brick Partial", "Stone", "Vinyl", Levels: "One", Year Built: 1930, Construction Type: Site Built
Cooling
Details: "Central Air"
Garage
Garage Spaces: 2, Man Level Garage: 1
Heating
Heating: "Central"
Laundry
Description: "Electric Dryer Hookup", "Washer Hookup"
Lot
Features: "Cleared", "Level", Size: 0.2, Size Units: Acres
Utilities
Sewer: "County Sewer", Water Source: "County Water"
Interior Features
SqFt Lower: 0, Main SqFt: 1679, Third SqFt: 0, UnheatedMan SqFt: 420, Unheated Total SqFt: 420
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30 Days Snapshot Of 28081
$312k
-8%
(avg) sold price
44
+120%
homes sold
55
-1%
(avg) days on market
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Monthly Payment
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Courtesy of Keller Williams Connected. Mike Morrell, [email protected]

Based on information submitted to the MLS GRID as of . 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.