1102 Lane Street
Kannapolis, NC 28083
$475,000 Active
Subdivision: Jackson Park

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!

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Basic Information
MLS#: 4194735
Price: $475,000
Square Footage: 2,748
Bedrooms: 5
Bathrooms: 2 Full
Acreage: 0.26
Year Built: 1939
Elementary School: Unspecified
Middle School: Unspecified
High School: Unspecified
Details
Waterfront/water view: No
Parking: Driveway
HVAC: Central
Main level:   Primary Bedroom
Listing Courtesy Of: COMPASS - mike.hege@compass.com

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