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227/229 Pethel Street

Kannapolis, NC 28081

4 beds
– baths
1,920 sqft
7,405 sqft lot
$71 per sqft
2002 build
– on site

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Terrific investment property with 100% rental history since 2002. 2 units in duplex, both 2 bedroom. The same tenants have been renting for 16 years. Both units are very well kept, clean and in need of no work. Rent has been $550 per unit since 2002. This could easily generate $1500+ per month positive cash flow. Property is being sold as is.

Listing courtesy of CMLS / Southland, Realtors LLC

Last checked: Checking… • Last updated Mar 17, 2023 •

MLS# 3388206 —

The Building

Year Built:

2002
Construction Status:

Complete
New Construction:

false
Construction Type:

Site Built
Subtype:

Duplex
Construction Materials:

Vinyl Siding
# of Units Total:

2
Unit Count:

2
Architectural Style:

Traditional
Foundation Details:

Basement
Building Area Total:

1920

Interior

Flooring:

Carpet
Living Area:

1920
Fireplace:

false

Location

Latitude:

35.516851
Longitude:

-80.618389

The Property

Property Features:

Range/Oven
Type:

Residential Income
Lot Features:

Sloped
Lot Size Dimensions:

Per Tax Card
Lot Size Area:

0.17
Zoning Description:

RM-2
Exterior Features:

Other
Publically Maintained Road:

1

Listing Agent

Contact info:

Taxes

Parcel Number:

159093

Beds

Bedrooms Total:

4

Baths

Full Baths:

2

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central

Utilities

Sewer:

Public Sewer
Water Source:

Public
Water Heater:

Other

Appliances

Appliances:

Cable Prewire
Laundry Features:

Main Level

Schools

Elementary School:

Unspecified
Middle School:

Unspecified
High School:

Unspecified

The Community

Subdivision Name:

None
Proposed Special Assessment:

No
HOA Subject To:

None

Parking

Parking Features:

Back Load Garage,Driveway,Garage - 1 Car,Parking Space - 4+

Extra Units

Unit 1 Rooms:

Breakfast,Kitchen,Living Room
Unit 1 Beds Total:

2
Unit 1 Full Baths:

1
Unit 1 SqFt Total:

960
Unit 2 Rooms:

Breakfast,Kitchen,Living Room
Unit 2 Beds Total:

2
Unit 2 Full Baths:

1
Unit 2 SqFt Total:

960

Explore the Area

My Commute

From

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
10/15/18 Oct 15, 2018	Sold	CMLS	$138,000
9/18/18 Sep 18, 2018	Pending	CMLS
8/31/18 Aug 31, 2018	Price Changed	CMLS

Multifamily Sold on 10/15/2018

$138,000

Listing provided by broker:

Jason Adams

Southland, Realtors LLC

Newest listings in Kannapolis, NC

Based on information submitted to the MLS GRID as of 2/23/2025 12:37 am. 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. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.

227/229 Pethel Street

Kannapolis, NC 28081