# 220 Basin Avenue, Kannapolis, NC 28083

> **TL;DR:** 10bd/8ba residential multi family, $1,375,000, built 1940.
> A/C. Est. $5,958/mo. Listed 47 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,375,000 |
| Bedrooms | 10 |
| Bathrooms | 8 full |
| Year Built | 1940 |
| Lot Size | 65,340 sqft (1.50 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 47 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,958 |
| **Total** | **$5,958** |

## Nearby Schools

- **Elementary:** Unspecified
- **Middle:** Unspecified
- **High:** Unspecified

## Key Amenities

- A/C

## Property Highlights

- Built in 1940
- 1.50 acre lot

## Description

### Agent Description
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!

## Location

- **Address:** 220 Basin Avenue, Kannapolis, NC 28083
- **County:** Cabarrus
- **Coordinates:** 35.49696056, -80.6150893
- **Google Maps:** https://www.google.com/maps?q=35.49696056,-80.6150893

## Listing Agent

- **Name:** Logan Abrams
- **Brokerage:** Realty One Group Revolution
- **Phone:** 7042398763
- **Email:** logan@charlottesagent.com

## Primary Photo

![220 Basin Avenue - Primary Photo](http://lh.rdcpix.com/6b306288a4dea12dbb74369c199631a2l-f137967016r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/220-basin-avenue-kannapolis-nc-28083-4370322)*

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**MLS#:** 4370322 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/220-basin-avenue-kannapolis-nc-28083-4370322)

---

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