701 Rain Place Ct | Kannapolis, NC 28081
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701 Rain Place Ct
Kannapolis, NC 28081
Ashford Place · Multifamily Property For Sale · 40 Units
Investment Highlights
- 3.59% assumable debt
- Market rent ranges between $1,100 - $1,300/month
- Proven value add story with multiple renovated units over $1,100/month
- Average in place rent +/- $970/month
- Located roughly 1 mile from The North Carolina Research Campus
PROPERTY FACTS
| No. Units | 40 | Lot Size | 2.75 AC |
| Property Type | Multifamily | Building Size | 36,018 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 2001/2019 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 2.75 AC |
| Building Size | 36,018 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2001/2019 |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 40 | - | 768 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,745,854 | |
| Land Assessment | $366,933 | Total Assessment | $4,112,787 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$366,933
Improvements Assessment
$3,745,854
Total Assessment
$4,112,787
zoning
| Zoning Code | RV |
| RV |
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