2407 N Main Street, Kannapolis, NC 28081
- $430,000
- 4
- BD
- 2
- BA
- 2,524
- SqFt
Listing courtesy of 10X Real Estate & Investments. team@10xmyre.com
- List Price
- $430,000
- Status
- ACTIVE
- Days on Market
- 64
- Price Change
- ▼ $20,000 1787803575
- MLS#
- 4400941
- Year Built
- 1927
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,524
- Lot Size
- 30,056
- Acres
- 0.69
- Neighborhood
- none
Property Description
Approximately 6 bedrooms / 4 bathrooms 2,524 sq. ft. main house 1,000 sq. ft. permitted ADU with excellent conversion potential Main House The main house is very close to being operational as a co-living property. The remaining work is fairly minimal and primarily consists of: Adding one wall and doorway to create an additional bedroom Closing off the French doors to provide privacy for another bedroom Furnishing the home and completing a few final punch-list items Once completed, the main house would function as an 8-bedroom home, including two ensuite bedrooms, which could command premium rental rates. ADU Opportunity The property also includes a permitted ~1,000 sq. ft. ADU, creating additional upside for an investor. Potential configurations include: Phase 1: 3 bedrooms / 2 bathrooms Phase 2: Potential expansion to 6 bedrooms / 2 bathrooms, depending on the final design. Once the ADU conversion is complete, the property has the potential to generate approximately $11,300 per month in gross rental income across all 14 bedrooms. This property has strong appeal for investors looking for a co-living opportunity, especially since much of the main house is already complete while still offering significant upside through the ADU conversion.
Additional Information
- Appliances
- None
- Heating
- Heat Pump, Natural Gas
- Air Conditioning
- Ceiling Fan(s), Central Air
- Exterior Construction
- Site Built
- Levels
- Two
- Roof
- Architectural Shingle
- Foundation
- Crawl Space
- Parking
- Attached Carport, Detached Garage
- Garage Spaces
- 2
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
Mortgage Calculator
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