2407 N Main Street, Kannapolis, NC 28081
- $450,000
- 4
- BD
- 2
- BA
- 2,524
- SqFt
Listing courtesy of 10X Real Estate & Investments. team@10xmyre.com
- List Price
- $450,000
- MLS#
- 4400941
- Status
- ACTIVE
- Days on Market
- 19
- Property Type
- Residential
- Year Built
- 1927
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 30,056
- Lot Size Area
- 0.6900000000000001
- Living Area
- 2,524
- Sq Ft Total
- 2524
- County
- Rowan
- Subdivision
- none
- Special Conditions
- 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.
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Additional Information
- Floor Coverings
- Carpet, Laminate, Tile
- Equipment
- None
- Foundation
- Crawl Space
- Main Level Rooms
- Bathroom-Full, Bedroom(s), Kitchen, Dining Room, Living Room, Keeping Room
- Laundry Location
- Laundry Room, Main Level
- Heating
- Heat Pump, Natural Gas
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Aluminum, Vinyl
- Roof
- Architectural Shingle
- Parking
- Attached Carport, Detached Garage
- Driveway
- Gravel, Concrete
- Lot Description
- Cleared, Level, Wooded
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- Total Property HLA
- 2524
Mortgage Calculator
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