Description
Great duplex rental portfolio in the rapidly appreciating market of downtown Kannapolis. All units 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 50% of the rents are guaranteed! 3 of the units have new kitchens with granite counters, 2/3 of the duplexes have new roofs in 2024. These units are in high demand and are re-rented in under 30 days with long term tenants. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!
Address
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Address: 517 Denver Street, Kannapolis, North Carolina 28083
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City: Kannapolis
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State/county: NC
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Zip/Postal Code: 28083
Details
Updated on September 18, 2026 at 12:49 pm-
Property ID 4426175
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Price $750,000
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Property Size 4800 m²
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Bedrooms 6
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Bathrooms 6
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Year Built 1940
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Property Type Duplex, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional
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Sewer Public Sewer
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Cooling Ceiling Fan(s), Central Air, Varies by Unit, Window Unit(s)
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Heating Baseboard, Central, Electric
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County Cabarrus
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Property Type Residential Income
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Parking Parking Space(s)
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Elementary School Unspecified
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Middle School Unspecified
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High School Unspecified
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Architectural Style Bungalow
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Contact Information
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