220 Basin Ave Kannapolis, NC 28083
Estimated payment $7,554/month
Highlights
- 1.5 Acre Lot
- Living Room
- Central Heating and Cooling System
- No HOA
- Laundry Room
- Ceiling Fan
About This Home
Pick up a great portfolio consisting of 8 units, 5 homes (3 duplex, 2 SFR) in the rapidly appreciating market of downtown Kannapolis, all 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 over 60% of the rents are guaranteed! 3 of the units have new kitchens with granite counters, 4/5 of the homes have new roofs in 2024. These units are in high demand and are re-rented in under 30 days with long term tenants who are backed & guaranteed by a community health program providing very stable rental income. Come see all the new development taking place in/around Kannapolis and prepare to be impressed!
Listing Agent
Realty One Group Revolution Brokerage Email: logan@charlottesagent.com License #230121 Listed on: 04/15/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 1.5 Acre Lot
Parking
- Driveway
Home Design
- Wood Siding
- Vinyl Siding
- Hardboard
Interior Spaces
- 5,450 Sq Ft Home
- Ceiling Fan
- Living Room
- Crawl Space
- Laundry Room
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Full Bathrooms
Utilities
- Central Heating and Cooling System
- Baseboard Heating
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5613-99-3721-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,275 | $112,290 | $40,000 | $72,290 |
| 2024 | $1,275 | $112,290 | $40,000 | $72,290 |
| 2023 | $884 | $64,510 | $31,000 | $33,510 |
| 2022 | $804 | $58,670 | $31,000 | $27,670 |
| 2021 | $804 | $58,670 | $31,000 | $27,670 |
| 2020 | $804 | $58,670 | $31,000 | $27,670 |
| 2019 | $539 | $39,310 | $9,000 | $30,310 |
| 2018 | $531 | $39,310 | $9,000 | $30,310 |
| 2017 | $523 | $39,310 | $9,000 | $30,310 |
| 2016 | $523 | $37,820 | $7,500 | $30,320 |
| 2015 | $477 | $37,820 | $7,500 | $30,320 |
| 2014 | $477 | $37,820 | $7,500 | $30,320 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/17/2026 05/17/26 | Price Changed | $1,375,000 | -1.8% | $252 / Sq Ft | |
| 04/15/2026 04/15/26 | For Sale | $1,399,900 | +60.9% | $257 / Sq Ft | |
| 10/23/2023 10/23/23 | Sold | $870,000 | -0.8% | $205 / Sq Ft | View Prior Sale |
| 09/22/2023 09/22/23 | Pending | -- | -- | -- | |
| 09/22/2023 09/22/23 | For Sale | $877,440 | 0.0% | $207 / Sq Ft | |
| 03/15/2023 03/15/23 | Rented | $1,700 | 0.0% | -- | |
| 10/26/2022 10/26/22 | For Rent | $1,700 | -- | -- |
Source: Canopy MLS
MLS Number: 4370322
APN: 5613 99 3721
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID
- 541 Martin Luther King Junior Ave
- 535 Martin Luther King Junior Ave
- 311 N Rose Ave
- 518 Milton L Taylor St
- 122 Johndy Ave
- 314 N Ridge Ave
- 419 N East Ave
- 704 Gem St Unit 17
- 209 James St
- 510 N East Ave
- 707 Wilson St Unit A & B
- 661 Wilson St
- 0 N Main St Unit CAR4373766
- 1008 Martin Luther King Junior Ave
- 0 Jackson Park Rd
- 502 N Ridge Ave
- 204 S East Ave
- 604 Pearl Ave
- 1106 Lane St
- 406 Ruth Ave
- 113 York Ave
- 419 N East Ave
- 421 N East Ave
- 103 S Ridge Ave Unit 5
- 332 Wood Ave
- 659 Wilson St
- 648 Wilson St
- 638 Wilson St
- 635 Smith St
- 200 S Main St
- 906 Skyland St
- 210 S Main St
- 120 West Ave
- 602 N Juniper Ave
- 733 Hillside St
- 765 Hillside St
- 703 Louise Ave
- 760 Hillside St
- 1217 Martin Luther King Junior Ave
- 706 Hillside St
Ask me questions while you tour the home.