Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
1930
Sq.Footage
1,679
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-maintenance opportunity with immediate returns in a growing area—don’t miss it! Agents, please read agent remarks for showing process.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
2
-
Above Grade Finished Area
1679.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Stone
-
Parking
Driveway
-
Pool
No
Area & Lot
-
Lot Features
Cleared, Level
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$225,000
-
Sq. Footage
1, 679
-
Price/SqFt
$134
HOA
-
Association
No
School District
-
Elementary School
Unspecified
-
Middle School
Unspecified
-
High School
Unspecified
Property Features
-
Senior Community YN
NO
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Location
County
Rowan
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Listing Courtesy of Mike Morrell , Keller Williams Connected
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Agent
Mitch Totherow
Call Mitch today to schedule a private showing.
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