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$1,375,000 -$24,900 (-1.78%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 10 Beds
  • 8 Full Baths
  • 5,450 Sq. Ft.
  • Updated 20 hours ago
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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!

Full Property Details for 220 Basin Ave

General

  • Price: $1,375,000
  • Status: Active
  • Type: Single Family
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4370322
  • Updated: 5/17/2026
  • Added to Site: 33 day(s) ago

Interior

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 8

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: In Kitchen

Parking

  • Parking Features: Driveway

Location

  • County: Cabarrus

Community

  • Pets Allowed: Yes
  • Pets: Yes

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Central Air, Electric, Varies by Unit
  • Heating Type: Baseboard, Central, Other - See Remarks

Utilities

  • Sewer: Public Sewer
  • Water: City

Structural Information

  • Construction: Site Built
  • Exterior Const.: Hardboard Siding, Vinyl, Wood
  • Square Feet: 5,450
  • Year Built: 1940

Lot Features

  • Street/Road Desc.: Gravel, Paved

Financial Considerations

  • Tenant Pays: All Utilities

Disclosures and Reports

  • Property ID: 5613-99-3721-0000
  • Lot Number: 8031-328

Listed by Realty One Group Revolution

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Listing agent

— 220 Basin Ave —

  • Realty One Group Revolution

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 220 Basin Ave

School District:Kannapolis City Schools
NameGradesDistance
Gw Carver Elementary
525 East C Street, Kannapolis, NC 28083
K-50.3 mi
Kannapolis Middle
1000 Virginia Dare Street, Kannapolis, NC 28081
6-82.6 mi
A. L. Brown High School
415 Martin Luther King Junior Avenue, Kannapolis, NC 28083
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 220 Basin Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/17/2026
Price Reduced
$1,375,000
-1.78%
MLS
4/15/2026
Listed
$1,399,900
63.92%
MLS
10/20/2023
Sold
$854,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 220 Basin Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,275
—
$112,290
—
2024
$1,275
59%
$112,290
74%
2023
$804
—
$64,510
10%
2022
$804
—
$58,670
—
2021
$804
—
$58,670
—
2020
$804
51%
$58,670
49%
2018
$531
2%
$39,310
—
2016
$523
-3%
$39,310
—
2019
$539
7%
$39,310
4%
2015
$503
2%
$37,820
—
2014
$492
3%
$37,820
—
2013
$477
—
$37,820
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Realty One Group Revolution

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220 Basin Avenue, Kannapolis, NC 28083 (MLS# 4370322) is a Single Family property with 10 bedrooms and 8 full bathrooms. 220 Basin Avenue is currently listed for $1,375,000 and was received on April 15, 2026. Want to learn more about 220 Basin Avenue? Do you have questions about finding other Single Family real estate for sale in Kannapolis? You can browse all Kannapolis real estate or contact a Coldwell Banker agent to request more information.

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