40-Unit Apartment
For Sale
Contact for pricing
701 Rain Pl Ct, Kannapolis, NC 28081
Built in 2001, Ashford Place offers 40 two-bedroom, one-bath units with recent exterior replacements.
Property SizeContact for details
Days on Market135
Property Features for 701 Rain Pl Ct
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
40
Building Details
Year Built
2001
Listing Agency:
One Alliance Companies
(704) 765-4620
Listed By:
Spencer Crigler · License #NC 197597
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One Alliance Companies
Investment Insights
Based on property information with market context.
Ashford Place Apartments is a 40-unit Class B apartment community built in 2001. The property features all 2-bedroom, 1-bath units, with 20 to 25 units described as renovated. Recent exterior work includes replacement of the vinyl siding, roof, and gutters within the last few years.
The community is located at 701 Rain Pl Ct in Kannapolis, North Carolina, and is reported to be less than 2 miles from The North Carolina Research Campus, a 350-acre hub for interdisciplinary research and innovation.
For financing, the listing notes 3.59% assumable debt. The average in-place rent is reported to be around $970 per month, with market rent comps cited in the $1,100 to $1,300 per month range.
The community is located at 701 Rain Pl Ct in Kannapolis, North Carolina, and is reported to be less than 2 miles from The North Carolina Research Campus, a 350-acre hub for interdisciplinary research and innovation.
For financing, the listing notes 3.59% assumable debt. The average in-place rent is reported to be around $970 per month, with market rent comps cited in the $1,100 to $1,300 per month range.
Key Highlights
- 40‑unit Class B apartment community built in 2001
- All units are 2‑bedroom, 1‑bath apartments (40 total)
- 20–25 units have been renovated
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 28081, NC
28,583
Population
12,400
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
30.3 sq mi
ZIP Area
943
Density / Sq Mi
$69,167
Median Household Income
$40,167
Median Earnings
$1,080
Median Rent
$257,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2001, Ashford Place offers 40 two-bedroom, one-bath units with recent exterior replacements.
Where is this apartment building located?
The property is located at 701 Rain Pl Ct Kannapolis, NC.
What are key features of this property?
This property features: 40‑unit Class B apartment community built in 2001; All units are 2‑bedroom, 1‑bath apartments (40 total); 20–25 units have been renovated
