Kannapolis · Kannapolis, NC
705 Gem Street
Kannapolis, NC · 804 sqft
$198,900
Reduced from $199,900
- 2Beds
- 1Baths
- 804SqFt
- 1958Year
- 58Days on market
About this home
Seller to offer up to $3,000.00 toward closing costs. Back on market due to no fault of seller, buyer had family emergency and needed to move out of state unexpectedly prior to closing.
Charming and recently renovated 2-bedroom, 1-bath home situated on a spacious .36-acre lot. This 804 sq ft property features a bright and inviting living area, updated flooring, fresh paint, and modern finishes throughout. The renovated kitchen offers updated cabinetry, countertops, and appliances, while the refreshed bathroom showcases contemporary fixtures and design. Both bedrooms provide comfortable, functional space.
With its recent upgrades and manageable size, this property is move-in ready and low maintenance, making it an excellent opportunity for first-time buyers or investors alike. The generous lot provides room for outdoor enjoyment, expansion potential, or additional value-add improvements.
Conveniently located near local amenities, shopping, and major roadways, this home would make a strong rental property or turnkey addition to any investment portfolio.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 804
- Lot
- —
- Year built
- 1958
- Type
- Single Family
- Days on market
- 58
- Heating
- Electric
- Cooling
- Central Air
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,463/ month
- Principal & interest
- $1,231
- Property tax (~1.05%)
- $174
- Homeowners insurance
- $58
- HOA dues
- —
Down payment
$9,945 down · $188,955 financed
Income to qualify (28% rule)
~$62,738 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.