Kannapolis Rental Investment For Sale

  • $55,000
  • 3 beds
  • 1 baths
  • 1040 sqft

Kannapolis rental property in great shape.  3 bedrooms, 1 bathroom.  Would rent for $825/month.  ARV of $75,000 – $85,000.  CAP Rate of 11.5%.  Be all-in at 80% of value!  Property will need new roof shingles (roof is not currently leaking) and some minor cosmetic repairs; estimate is about $8,000.  HVAC is gaspac unit roughly 10 years old.

 

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2095 Glendale Ave CAP Rate Evaluation

Comparable Sales

103 Rice St. Kannapolis, NC 28081
2/1 891 sq. ft.
Sold 9/7/17 for $73,000

2703 Glendale Ave. Kannapolis, NC 28081
3/1 967 sq. ft.
Sold 2/9/18 for $80,000

2003 Plaza Ave. Kannapolis, NC 28081
3/1 1135 sq. ft.
Sold 2/14/18 for $93,000

 

Price:
$55,000
Address:
2905 Glendale Ave.
Kannapolis, NC 28081
Square Feet:
1040
Lot Size:
7500sq.ft
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1940
Basement:
N/A
Const. Type:
Stick Built Mill

Call (910) 616-2378 for more details

Property Location

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