$5,105 Closing Credit¹
Listing Office: NorthGroup Real Estate LLC
$5,343
closing credit¹
1102 Lane St Kannapolis, NC 28083
$449,900 List price
$5,343
Closing credit¹
5 beds
2 full
2,748 sqft
$164 / sqft
House
Property details
About 1102 Lane St
Prime investment opportunity in Kannapolis! Could be an office or residential based on the zoning! This 5-bedroom, 2-bathroom property is a proven cash-flowing Airbnb with an impressive 8%+ cap rate. Spaciously laid out over 2,700 square feet, the home is perfect for accommodating large groups, offering consistent income potential. Located just minutes from the thriving Kannapolis downtown area, guests can easily access local attractions, entertainment, dining, and shopping, enhancing the property's appeal and occupancy rates. Recent upgrades and a stream of 5-star reviews have allowed for higher nightly rates, further boosting revenue. With average monthly incomes between $3,600 and $4,100, this property’s financial performance speaks for itself. Whether you’re an investor looking to expand your portfolio or seeking a turnkey vacation rental, this property delivers on both value and location. Don’t miss out—schedule a showing today to experience this exceptional opportunity firsthand!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size2,748 sqft
Year built1939
ParkingDriveway
MLS #4194735
Summary
- MLS Number: 4194735
- Office Name: COMPASS
- Office Email: mike.hege@compass.com
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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$449,900
1102 Lane St
$5,343
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 22, 2022 | Home Sold | $195,000 |
| Mar 30, 2021 | Home Sold | $160,000 |
| Jan 17, 2020 | Home Sold | $25,000 |
| Dec 31, 2019 | Home Sold | $135,000 |
| Dec 31, 2019 | Home Sold | $135,000 |
| Sep 29, 2015 | Home Sold | $3,289,500 |
| Dec 22, 2011 | Home Sold | $3,256,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
8
Jackson Park Elementary School
Public District KG-5
0.3 mi
•1400 Jackson St
2
G. W. Carver Elementary School
Public Magnet KG-5
0.9 mi
•525 E C St
6
Woodrow Wilson Elementary School
Public District KG-5
0.9 mi
•800 N Walnut St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,431. The majority of Kannapolis, NC residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
29%
<35k
45%
35k-100k
11%
100k-200k
15%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
42%
Single, No Kids
16%
Single, with Kids
28%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
6%
12-17 yrs old
22%
18-34 yrs old
40%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Horse Races
Mexican League Soccer
Where do the neighbors shop?
Family Dollar
Stein Mart
Burlington
Where do the neighbors go to eat?
White Castle
LongHorn Steakhouse
Church's Chicken
What do the neighbors drive?
Chevrolet
Buick
Oldsmobile
What do the neighbors listen to?
Rock
Contemporary Inspirational
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1102 Lane St
This home is located at 1102 Lane St in Kannapolis, NC and zip code 28083. This 2,748 square foot home was built in 1939. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $449,900.
Over 7 listings were sold over their listed price in December 2024 in Kannapolis, NC. In the same period over 40 listings were sold below the listed price and 10 listings were sold for the listed price. The inventory of homes for sale in Kannapolis, NC between November and December 2024 decreased by 9.4%. Listings spent 41 days on the market in December 2024, and had a median list price of $309,014 during the same period.
From Rocket Homes Real Estate and based on county public records data.