1065 RidgewayKannapolis, NC 28083

  • Residential income properties
  • 22,472 SF
Off market

Property Details for 1065 Ridgeway

Year built
2012
Construction
WOOD
Lot size
11.16 AC
Property size (Sq ft)
22,472 SF
Zone code
R8
Property type
Residential income properties
Property subtype
Garden apartment buildings
APN
5623 24 3160
APU
5623243160

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,717,648
    6.5%
    $6,200,906
    7%
    $5,757,984
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,898,383
    Geo Method
    $5,898,383
  • Alternative Use

    Use
    Valuation
    Residential
    $6,200,906
    Hospitality
    $5,679,996
    Educational
    $4,725,690
    Medical
    $4,888,214
    Retail
    $7,351,074
1065 Ridgeway, Kannapolis, North Carolina

Location Insight

City
Kannapolis
County
Cabarrus
State
North Carolina
Latitude
35.4816
Longitude
-80.6045
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$49,144
$419,620
$3,908,330
$4,327,950
-
$419,620
$3,908,330
$4,327,950

FAQs

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